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Written by Citigroups Tom Fitzpatrick & Goldman's Greg Noyce via ZeroHedge
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Thursday, 03 November 2011 00:00 |
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Ed Note: The following perspective is completely at odds with Don Vialoux's, who sees an equity market seasonal trade to the upside between October and April.
Citi: "The Bear Market Rally Is Behind Us:
While we respect the October monthly close on the S&P 500, we did not close above the 12 month moving average...we believe the bear market rally is behind us and anticipate a move towards the 1,000-1,015 target over the weeks and months ahead."
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