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Wednesday, February 13, 2013
Will the Dow Break 14,000?
You've probably seen the headlines or had associates speaking about the recent highs of the markets, especially the Dow. The Dow is kissin the 14,000 mark as well as the S&P 500 has broken into 1,500. The big question is, "Are the market highs here to stay?".<br><br>A number of experts out there are questioning if the markets will correct in a major way. We start with Mark Hulbert tracking insider selling...<br><br>Mark tracks fads with insider buying and selling and in his words, "insiders are aggressively selling".Insider activity (corporate executives buying and selling their own company shares) are one of the best indicators we've got of future market direction. The huge portion of insiders being on the sell side tell investors to tread carefully.<br><br>Next, we have junk bond warnings from Yahoo Finance...<br><br>Junk bonds often move around in the same direction as the stock market, but lately they've been going down while the markets have been going up. In the article, Jonathan Krinsky, chief market technical strategist at Miller Tabak, is quoted saying, "It just makes you wonder, why is the S&P still rallying?"But don't feel that this all means you need to move to bonds. Bank of America Merrill Lynch is warning of "Severe Danger Looming In Corporate Bonds."And both Bill Gross and Jim Rogers (two well-known investors) are predicting big trouble ahead for Treasuries.<br><br>With all of this going on, it's no wonder so many are moving to cash. It's getting interesting out there, and it's more significant than ever before you take a moment with a Retirement Planning Specialist like me to examine your particular situation.<br><br><br><br>Matt Golab<br><br>Matt is an Investment Advisor Representative as well as the Chief Advisor of Aaron Matthews Financial Resources located in Elk Grove, CA. <a href="http://aaronmatthewsfinancial.com/" target='_blank'>Click right here to find out much more about Matt Golab and his company Aaron Matthews Financial Resources!</a>
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