Bears ready for an Ice Age

Wall Street pushed higher overnight on more positive jobs numbers, but there are growing fears investors are being deluded by another round of false optimism.

US share markets again pushed higher overnight as investors continued to reassure themselves that the US economy is finally on track for recovery, while other analysts warned that this is yet another false dawn.

Certainly, the bulls seem to have some justification for their optimism, which again pushed the Dow Jones index close to the 13,000 level overnight.

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