Barney Frank is rattling on about something or other. Ben Bernanke sits with hands crossed looking into space waiting eagerly to answer a question (will one ever come?).
The markets continue to trade higher with the Dow sitting at 8885 or so as we write this.
Much has been made about the stimulus and its potential effect on the economy both now and as we are obligated to pay for it. Health care progress (or regress take your pick) looms as a major expense. There seems to be a lot on an American investors’ plate now and much of it would seem to be negative for the market.
Results however from a myriad of companies have pushed this market higher (Caterpillar, Intel and Johnson & Johnson over the past week)
The market is gonna do what the markets gonna do over the next week or month (probably not the exact words that Wall Streeters might use) but we do believe that stocks will trade higher over the coming 12-18 months. Keep your cool both as the markets move higher and also as the inevitable pullback occurs. Identify names of companies that you find attractive and accumulate them on weakness.
What now?
Tuesday, July 21st, 2009
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