The stock markets (SP-500, DOW-30, NASDAQ) are each absolutely flirting with 2 year highs. Many individual stocks look good. The Federal Reserve is doing all it can to encourage investment in areas beside bonds.
In the absence of some unexpected or half-expected geo-political mess (Iran, North Korea…), this is an excellent time to consider over-weighting stocks as an investment vehicle for the next year.
In the face of terrible news recently – international disappointment concerning the U.S. Federal Reserve’s decision, monetary tightening in China and elsewhere, European sovereign debt problems, possibilities of non-extension of Bush-era tax cuts … – the broader U.S. stock market has remained resilient.
Today, beaten up financial stocks like American International Group (Ticker: AIG) and Bank of America (BAC) did well.
Previous market leaders haven’t really gained much ground over the past weeks … Amazon.com, Chipotle Mexican Grill, Netflix… all have pulled back from their highs. Apple Inc. (AAPL) has simply stayed flat. Out of favor financial stocks have roared.
At the Stock Market Companion, we are putting our money to work prudently and will continue to do so.
In the absence of any geo-political upheaval we are considering an entry at the current prices on these stocks –…
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Please remember – at the Stock Market Companion we do not and cannot give individual investment advice. According to the State of Washington RCW21.20.005 the Stock Market Companion is not a Registered Financial Advisor and we do not render any advice on the basis of the specific investment situation of a particular individual. This information is for a wide readership and is not intended for any particular individual, and under no circumstances should our Market Update or Watchlist be considered an investment recommendation or plan for any specific individual. By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties. Please seek the counsel of a broker or other licensed investment professional for accurate pricing and concerning the suitability of all investments that you may be considering. Disclosure : You understand that the Stock Market Companion holds positions in the above mentioned securities. Based on market related or personal events these positions may change without notice.
Categories: Free Report
Tags: SP 500




