No, don’t believe Barron’s. Believe the lunatic blogosphere who constantly predict doom. My average last year was +15%.
Oh, sorry. Back to our regularly schedule panic.
Ahhhh.....I remember my professor explaining THE RATIONAL MAN THEORY OF INVESTING. He ended the lecture by saying that that theory doesn’t explain modern investing.
2013 begins..."the "unemployment" rate notched UP to 7.9%. Employment saw little or no change re: manufacturing, business and professional services, financial activities, government. Transportation and warehousing sector down."
Seems the govt always Finds the #s to support 'like' they find ballots which determines the outcome of said[D]election in a basement or trunks of cars.
Eventually Americans won't 'feel the magic' when a white dove flies out of the govt.magician's sleeve after knowing it has been completely dehydrated, kept in small space, then re-hydrated, flying back to life need be but confused.
"The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus." [Trillion dollar deficits yr aft yr]
"The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles." Source
The market is heavily subsidized, and investors might as well get in on the party while it lasts. Too bad the rest of the economy can’t be so easily manipulated.
The Dow will go even higher as Obama continues to devalue the dollar.
Here's a little lesson from history: