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Yesterday I said I was a buyer on Monday's dip. Seems like I was in good company as the market flew back above 1500 on Tuesday.
The reason why is simple... there is no good reason to go down.
ISM Services at 55.2 reminded folks that this large part of the US economy continues to expand. Couple that with a rebounding manufacturing sector and it = stronger GDP = healthier corporate profits = good reason to own stocks.
Yes, there will be more pullbacks like Monday in our future. But the odds say that we are more likely to go up than down in 2013. So stay invested!
Steve Reitmeister, who heads up all of our portfolio recommendation services, knows which expert has the hottest hand and when a compelling move is about to be triggered. Now, he shares with you the very best moves and insights – and confides them to you.
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