 |
 Dr. Doom Says Stocks Are Ready To Boom… by Justin Bennett, Editor Last month's huge stock market rally is extending into February. The surge over the past few weeks reminds me of the Energizer Bunny. It just keeps going, and going, and going… The Dow is up nearly 6% on the year, while the S&P 500 and Nasdaq are up 8% and 11% respectively. No matter how you slice it, those are impressive gains to start off the New Year. All I can say is- it sure is fun to watch stocks roll higher day after day. -------------Sponsor------------- How Little-Known "Regulation AC" Can Help You Turn $300 Into $1.3 Million Trading Penny Stocks! A simple five-paragraph rule adopted by the SEC on August 20, 2003 is quietly making a small group of investors very rich. And the timing on this couldn't be better with everything that's going on in the market! Click here to discover their secret… ------------------------------------ But a lot of investors are missing out on this rally… Lingering fears of an imminent European debt default are keeping a large percentage of investors out of the market and sitting firmly on the sideline. Are you in that boat? If you are, then listen up… What I'm about to tell you may finally convince you to put some money to work in this market. It's a little tidbit of information that should release the bearish shackles from your portfolio. What is it? A famously bearish economist just got bullish on the US stock market. I'm talking about Nouriel Roubini. That's right, the notoriously bearish economist is now a bona fide US stock market bull. A few days ago he said the current rally 'has legs', and stocks should continue rising through mid-year. Now, maybe you're wondering… "Who the heck is Nouriel Roubini?" Roubini is the economist who famously predicted the 2008 financial crisis and subsequent stock market crash. In the years prior to the meltdown, Roubini warned of a US housing market collapse, recession, and stock market rout. Of course, he rose to stock market super-stardom as his predictions came true. His name is now synonymous with worst-case scenarios and dire economic predictions. What's more, his consistently gloomy economic forecasts earned him the nickname "Dr. Doom". But now Dr. Doom is singing a different song… Roubini's consulting firm, Roubini Global Economics, now recommends being overweight US equities. In other words, he recommends owning stocks over any other asset class. And according to a recent CNBC article, he prefers technology and agriculture-related stocks. So what's the deal? Now that one of the most bearish economists in the world has suddenly turned bullish, should you start buying stocks hand over fist? First of all, let me say I agree with Mr. Roubini- stocks are the place to be right now. But I disagree with his timing… Dr. Doom is late to the party this time around. Stocks have already rallied hard over the past month. As a result, broad market indexes are trading at last year's highs. Take a look at this chart of the Dow…  As you can see, the Dow's trading just over the 12,800 area. Since that's an area of strong technical resistance, we'll likely see some profit taking soon. Of course, that means stocks should reverse course and head lower in coming weeks. Now don't get me wrong. I don't think stocks are about to crash or move dramatically lower. But I do think markets are overbought and we're due for a pullback. So what should you do? If you bought stocks like I recommended in late December and early January, don't be afraid to take some profits at these lofty levels. The recent rally has been nothing short of extraordinary. But don't you dare sell everything… After stocks consolidate January's spectacular gains, I think Dr. Doom will be proven right once again. Markets will continue higher into spring and reward resolute investors with hefty profits. Until next time, Justin Bennett | Friday, February 10, 2012  • Las Vegas Sands (LVS) popped to a new 52-week high of $53.30. Their market cap is now over $35.9 billion. • PulteGroup (PHM) surged to a new 52-week high of $9.08. They have a market cap of over $3.4 billion. • IDT Corp. (IDT) sank to a new 52-week low of $8.59. Their market cap is now $197 million.  "Smooth seas do not make skillful sailors." -African Proverb   
 Are Tech Stocks Still Worth Buying? Wednesday, February 8, 2012 Takeover Mania Sweeping Biotech Sector Monday, February 6, 2012 Does A Golden Cross Really Mean It's Time To Buy Stocks? Friday, February 3, 2012    |
 Copyright 2012 Hyperion Financial Group, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This email may only be used pursuant to the subscription agreement controlling use of the Dynamic Wealth Report website and any reproduction, copying, or redistribution of this email or its contents, in whole or in part, is strictly prohibited without the express written permission of Hyperion Financial Group, LLC. LEGAL DISCLAIMER: Neither Hyperion Financial Group LLC nor any of its employees are a registered investment advisor or a Broker/Dealer. As such, Hyperion Financial Group, LLC does not offer or provide personalized investment advice. Although Hyperion Financial Group, LLC employees may answer general customer service questions, they are not licensed under securities laws to address your particular investment situation. Nothing in this report, nor any communication by our employees to you should be considered personalized investment advice. Owners and writers may have positions in the securities that are discussed. However, no associated employees may intentionally engage in any transaction that directly or indirectly competes with the interests of our subscribers. We accept no compensation from any companies mentioned in our reports. Past performance is no guarantee of future results. All information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell any security. All opinions, analyses and information contained herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. Investments recommended in this publication should only be made after consulting with your financial advisor. Any brokers mentioned herein constitute a partial list of available brokers and is for your information only. We do not recommend or endorse any brokers, dealers, or investment advisors. |
| This message was sent to ignoble.experiment@arconati.us from: Hyperion Financial | 20701 N Scottsdale Rd, Ste 107-154 | Scottsdale, AZ 85255 | Email Marketing by |
| Manage Your Subscription | Forward To a Friend |
No comments:
Post a Comment
Keep a civil tongue.