It's time for my weekly update on the health and well being of the stock market, as summarized from several resources that I purchased myself at great expense.
- Yesterday, "[t]he small-cap S&P 600 surged 1.4%. It now sits less than 2 points away from posting another all-time high." [Investor's Business Daily]
- "The prospect of modest economic growth, benign inflation, and a steady hand on the interest-rate throttle should keep the stock market in an uptrend over the next six months." [The Value Line Investment Survey]
- "[T]he dollar’s decline is starting to spook the bond market. An orderly dollar decline is bullish for the market – and likely to allow bonds to avoid a resulting decline. But too swift a decline is undesirable." [Mark Boucher of TradingMarkets.com]
What's my take on the stock market? Full speed ahead! But please remember: if you're getting your stock tips here, you probably aren't the best person to be making decisions about your portfolio.
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