Stocks post second weekly rise; Dow's win streak halted at six sessions
You can see just how well this market performed this year below on the dow weekly chart!
The Dow industrials are now not far from record highs, as Wall Street pondered the impact of increased borrowing costs on the economy.
Everyone is talking about Higher rates but that is not something to fear, I think. In this sort of environment, even though the fed have told us they are going to start tapering soon, If this economy can handle the rise in interest rates, then 2014 could be another good year for investors. Time will tell.
You can see the weekly chart below and the SANTA RALLY that we predicted many weeks ago did in fact come to fruition. NICE :-) You can see that BEARS on the market have been absolutely pummeled in 2013. What will happen in 2014? Well...... at the moment your guess is as good as mine, so we shall see. But this weekly chart below sure looks yummy.
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| dow chart update |
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