The Fred Report - Weekly March 12, 2012
We continue to see no sign of an intermediate top in the markets and believe investors will see our long-standing targets of SPX 1400 – 1430 before an intermediate correction could start. TLT has closed below 116 two successive times, and this suggests a move down towards 110 could occur. Japan’s economy is still primarily export driven and a cheaper Yen will contribute mightily to their success.
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