The October rally was attributed to three factors:
a) a technical rebound following a huge sell off in August when S&P downgraded the US’ triple A credit status
b) better than expected corporate earnings
c) EU Finance ministers approving a EU 5.8bn loan to Greece
The Jan 2012 rally seems to have more legs than October 2011 or does it ??!!
The Jan 2012 rally saw the STI Index rise from just under 2700 to an intra-month high of 2915 ...
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