WHo am I to say anything different??? LOL
WHITE PLAINS, N.Y. (MarketWatch) — Despite weak fundamental data, Europe’s debt crisis, escalating geopolitical tensions and the pending “fiscal cliff,” the U.S. stock market continues to drift higher with only an occasional pause.
There’s good reason for this. Central banks the world-round have either pledged to or have already begun to refill the punch bowl. Yet at some point soon, most likely before the middle of next year, the well will run dry again. But for now the market seems to care little about anything except QE3 and European Central Bank rhetoric. Read more: How to brace for more volatile markets.
The Fed has basically backstopped the stock market and said, “We are here.” Reading between the lines of the Fed’s statements it is clear that they are waging all-out war against unemployment the best they can, by throwing bundles of $100 bills at it. Whether they will ultimately succeed or not is anyone’s guess. In the meantime, the old adage “Don’t fight the Fed” is best heeded. Read more: Bearish counterpoint: Cash is king.
As you can see in the chart below, 2012 is on the track of Dow Jones Industrial Average DJIA +0.26% performances during years when incumbents won reelection. This is an indication that the year will likely hold on to the gains so far and tack on more.
Barring some exogenous event it would not be surprising to see the market pressing on all-time highs in the next three-to-six months. Central banks have the spigots wide open, and the market appears to be signaling that President Barack Obama will win another term.
Read more: Stocks should rise in Q4 if history holds.
more,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
http://www.marketwatch.com/story/stocks-should-rise-in-4th-quarter-if-history-holds-2012-10-04
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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