The Fred Report - Weekly January 18, 2011
The stock market has rallied towards our 130 objective on SPY, and internals are weakening. We continue to have favorable indications on the TLT (Barclays 20 Year Treasury Bond iShare) and look for a short-term rally. We remain firmly in the inflation camp, and are sticking with our 17-month objective of 152 on GLD.
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