Stocks have been showing real strength throughout this earnings season, and it does look like the bulls want to make a run at 1000 for the S&P 500.
All along, I have said stocks would end the year somewhere around that level, though I was thinking we would see one more major dip first. That still remains a distinct possibility, especially with forecasts of Dow 14,000 starting to hit Yahoo Finance.
But for now, I suggest taking a wait-and-see approach. If you’re a Dividend Superstars subscriber, your core stocks are piling up gains now. So there’s no need to go whole hog on a ton of new positions just yet.
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How is one to believe what we are reading when it comes to earnings,sales, expenses…
The SEC is ineffective or perhaps colluding with all of the data a rational investor uses to make investment decisions. I don’t believe any turn around is hear or near. China is the next big lie to come into the light. All this talk of expansion… sales it is all B.S. I believe the only thing the govt. has left is lies and deception. The stock market is a scam. No over sight or penalties for ” modern accounting praticies” ie fraud! The SEC needs cleaned up the Fed needs a full I repeat full audit. Untill that happens the stock market is a suckers game. Reports cannot be trusted.