A Major Relief Rally Takes Hold

 | Jan 02, 2013 | 4:11 PM EST  | Comments
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Amazing money in. Amazing dearth of stock. Where are all of those sellers who hated the market? Where are all of those people who are worried about the debt-ceiling debacle?

To me, there is as much seller's remorse as I have ever seen, combined with pent-up demand for stocks from all sorts of retirement plans. Those who sold because of tax-gain reasons are back buying again. Those who sold stocks because dividends weren't supposed to be as tax-advantaged as they turned out to be are back buying.

And best of all, we know what we are going to pay in taxes! I love the certainty, and others do too, and that is how you could get the biggest rally in four years.

No sellers to speak of. Tons of buyers. 

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