Stocks Surge Higher With Authority

All of the major stock market indices saw more all time highs but this time it looked like a serious bull rush with the market opening flatish and pushing higher and higher all day. Some of the “old” defensive leaders came back to life like healthcare, consumer staples and utilities. This market is beginning to feel like a melt up which usually sees even more vertical gains, but which also ends in ruins. In my 2013 forecast, I called for a front loaded year with the gains early and I am not wavering from that. 1987 has been stuck in my mind since late last year and this is how it felt back then.

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Fox Business TODAY at 1pm est

I am scheduled to be on Fox Business’ Markets Now at 1pm today, assuming Mother Nature doesn’t throw a monkey wrench into those plans. We will be discussing how far the current stock marker rally can go along with my annual forecast for 2013.

Street$marts subscribers should be receiving the annual forecast issue shortly, but nothing has changed over the past few months in our work. All time highs are on the way for the Dow and S&P 500 and then the threat level rises.

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