TSG – Rally keeps on trucking…

Dear Trader,

TSG Stock Market Letter
Week Ending May 8, 2009
Topics Discussed This Week:

* Rally blasts up…
* Leaders fall behind…
* An earnings-deficient recovery?
* Construction spending, ISM and jobs improve
* Last hurrah, then seven lean years?
* Elliott Wave SPX Perspective

This rally re-ignited to finish its ninth week of gains pushing
the … Dear Trader,

TSG Stock Market Letter
Week Ending May 8, 2009
Topics Discussed This Week:

* Rally blasts up…
* Leaders fall behind…
* An earnings-deficient recovery?
* Construction spending, ISM and jobs improve
* Last hurrah, then seven lean years?
* Elliott Wave SPX Perspective

This rally re-ignited to finish its ninth week of gains pushing
the S&P500 up 36% from its March 6 low. More interesting perhaps
is the fact that the SPX is showing its first overall gains for
2009. And stocks are even more overbought than there were last
week.

So why have stocks continued to gain ground despite all the
economical problems we face? We discuss one very interesting
theory from Jeremy Grantham in our Synopsis this week.

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