Stocks rallied sharply Wednesday, resuming the climb off the March lows, a move Paul Kedrosky attributes to the "‘the world hasn't ended' trade plus inventory restocking."
Citing the ongoing skepticism in the rally's staying power (a contrarian indicator), the Infectious Greed blogger and senior research advisor to Ten Asset Management believes the market is likely to "saw-tooth [its] way considerably higher through the rest of the year."
How considerably?
Kedrosky thinks the S&P could approach 1100 by year-end, which would translate into the Dow well above 10,000.
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