We are headed much, much higher. A reviving industrial economy and rising corporate profits, will influence the direction of stocks for at least the next year or so. The stock market is a discounter of the future and since March '09 it has been telling us that the road ahead is clear. Just be aware that when the VIX gets down to 14.66 there may be a consolidation. A break below 15.00 will put the VIX back at a level not seen since July 2007.
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