"THAT'S JUST MY OPINION" - VOL - 21
It's only two trading days into the new year and no one has brought up two very important items. These two items will force the market to rally to the end of January, and will propel the market higher up to the end of April ! 1st is earnings - they will be much better than expected and more important their forward guidance will be positive!
2nd - now look at this fact - the total number of US households that have some type of IRA - whether it is a personal IRA or through their employer = 121.1 million households!!! When I saw this figure, I didn't believe that figure - but then I remembered that there are many families that have more than 1 IRA and some have 4! So the household number may be flawed but the 121.1 million figure I am sure is correct. That 121.1 million figure showed up from three different sources.
Here's the kicker - these IRA holders will add to their accounts before tax time - for tax reasons. The average deposit into these accounts, according to the IRS is $2,700.
Do you know what that equals?
327 BILLION DOLLARS!!
That money will be put to work in those accounts.
Most of that money will find it's way into the US stock market!
That's why I am positive that this market will rally at least for the first quarter of 2014!!!
"THAT'S JUST MY OPINION"
Oh, I forgot the 3rd - reason - BOND RATES - have you noticed they are starting to creep up?
I believe the 10 year US treasury bond rate will creep to close to 4% by the end of the year.
If you own them - you will lose money!!!
You will start seeing money coming out of treasuries and some of that money will find it's way into the stock market.
Remember, in my last blog I told you there was a way to play the bond market and make money. If you have not called Steven Hanson at Foremost Trading, so you should. It doesn't cost anything to call him, however I believe it is worth the call! 1-888-818-0880 EXT. 536. He will guide you to ways to enhance your portfolio!
Now, let's check out this week's results:
Remember this week's results include two trading days in 2013.
DOW - for the week -8.42 or -0.05%
My holdings: For the week.
ABT - up 0.27 cents or up 0.70%
ABBV - down 0.25 cents or down 0.48%
DIS - up $1.76 or up 2.37%
AIG - down 0.26 cents or down 0.51%
MU - down 0.55 cents or down 2.56%
C - up $1.14 or up 2.18%
NKE- down 0.13 cents or down 0.17%
JCI - I wanted to buy on a scale down starting @ $50.23 down to $48.95
Well it had a loe of $50 soIi bought a third of a position @ $50.23
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