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 S&P 500 ended off less than 1 point. It closed around 1190 for the fourth straight session, which is encouraging following the market's solid advance on Dec. 1." [Investor's Business Daily]
- "On balance, we think the economic fundamentals are bright enough to sustain a fairly high level of interest in the stock market in 2005." [The Value Line Investment Survey]
- "Investors need to watch the movement of the dollar and currencies and its impact on bonds and stocks carefully in the period ahead. Global equities will likely continue to rally until bond markets riot. A sustained decline in bonds should be taken as a warning to run for the exits in equities." [Mark Boucher of TradingMarkets.com]
What's the Schaeffer Fund up to these days? All the shorts have finally been covered, no doubt at precisely the wrong time. Which brings me to an oft-repeated point: if you're getting your stock tips here, you probably don't deserve to call yourself a stock-picker.
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