A new Street$marts has been posted!
Archives for April 2013
Every once in a while, I get slapped by the anchor. This time, my earpiece was fading in and out and I could not hear her interrupt. http://video.foxbusiness.com/v/2286720066001/2013-a-front-loaded-year-for-stocks/
The Dow and S&P 500 hit all time highs today, but the Russell, S&P 400 and NASDAQ did not. We have some worrisome signs, but they can and usually persist a while longer before any serious damage. Gold stocks were the leaders and I thank them for the immediate reward after the comments on Fox Business.
Here is a spirited debate I did on CNBC regarding dividends, not the panacea most investors think!
I am going to be on Fox Business’ Markets Now at 1pm today discussing the abysmal jobs report on Friday, the stock market’s rather muted reaction and what lies ahead this quarter.
There are a few scenarios which can play out from here and I will lay them out in detail this week in Street$marts, which I hope to work on in a few days. In short, my upside max of Dow 15,000 and downside of 13,700 remain the same. If you are or want to be bullish, the better and healthier path is sideways or down first and then an explosion to the upside later this quarter or over the summer.