By Jeff Clark in Growth Stock Wire:
We were looking for a rally to kick off last Tuesday, and we knew it would be huge – something along the lines of the gains we saw coming off the November lows.
What we've seen, however, is beyond remarkable. In just seven trading days, the Dow Jones Industrial Average has bolted 939 points higher. That's a gain of 14%. Six of the last seven days have been higher. And the one losing day saw the Dow drop a measly seven points.
Not surprisingly, the fast gains have launched a stampede of raging bulls desperate to get in on the action. It seems everyone who feared the sky was falling last week now sees nothing but sunshine and lollipops. So it's time for a bit of a pullback-
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