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Episode 153: Two topics in this episode:
- This very resilient market is firing on all cylinders because of a convergence that I don’t think will last- Terrorism in Europe has helped Aerospace/Defense and Energy stocks; Fed interest rate hike is helping Financials; Dollar is strong because of Housing and Consumer Discretionary. But expect the volatility to continue because these are not supportive, in fact they’re counter-trends that are likely to bring the market back down once optimism fades.
- Radio Infomercials- watch out for “guarantees” and hucksters claiming to know “secrets” of the rich…a fool and his money are soon parted.
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