Can Stocks Continue To Sprint Higher In the Face of Greece?

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Mark Melin
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Is the latest move higher in stocks, coming amid Greek uncertainty and a likely 2015 Fed rate hike, a false positive in an overall downtrend? Or is fighting through such strong headwinds a sign of real strength in the market? Raymond James Chief Investment Strategist Jeffrey Saut, who made the call along with Paul Tudor Jones on the 1987 stock market crash, thinks he has the answer and comes down on both sides of the issue. Market internals don’t support argument for a move to new stock market highs, says a Raymond James analyst Like most skilled economists, Saut knows…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.