Making Money Alert

Sections

Articles

Who Are We to Argue?

03/30/2011

Neither earthquakes, nor tsunamis, nor nuclear meltdowns, nor Middle East wars can stop this resilient market. In fact, stocks now have rebounded very nicely off of their March lows, and we’ve already seen the S&P 500 move with conviction back up through its short-term, 50-day moving average.

The chart below of the broad measure of the domestic market tells the tale quite succinctly. As you can see, stocks in the S&P 500 now trade just below the 1,330 mark, which is just about 1% off of their year-to-date high of 1,343. That’s a remarkable testament to the power of this bull market, and who are we to argue with that?

As we approach the end of the quarter, we are liable to see even more buying, particularly from pension fund and hedge fund managers looking to optimize quarterly performance stats.

In my opinion, the fact that the bulls keep on running despite the aforementioned global headwinds is truly impressive. It’s also interesting that investors have chosen to focus on the good news out there -- such as today’s strong ADP report showing private-sector jobs increased by 201,000 in March -- and not the exogenous events in Japan and Libya.

Once again, who are we to argue with this market?

The best way to make sure you get in on this bull is to make sure you know when it’s time to buy, and in which sectors of the market you should invest. That dual mission is the focus of my newsletter services, and that’s what we’ve delivered to subscribers for more than three decades.

If you’d like to know when to buy, and where to buy, then I invite you to check out my flagship Successful Investing newsletter today.

Test message.