“Because of the massive amount of stimulus thrown at financial markets by central banks and governments around the world, as well as record low cost of capital for publicly traded companies, we continue to believe the most likely scenario for markets is a melt up, with all-time highs being reached prior to the election,” writes First Franklin Financial Services’ Chief Market Strategist Brett Ewing.
The Dow Is Up Because Europe Is Spending $2.1 Trillion on a Recovery Plan