Could this be the third year in a row that stocks start with hurrah in the first quarter and then fall until the fall? Then again we have not seen such a good start to the year since 2000, just before the dot-com crash, or in fact a rally of this size since 1987 and the run-up to the October Wall Street Crash.
History does not always repeat itself but stock markets do follow patterns that chartists can work from and they provide clues about the future. The picture is often confusing but not this year. It is as plain as the nose on your face.
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