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Let's roll back the calendar to April and May of 2012. The European debt crisis was raging, Chinese growth was slowing and US stocks were taking a sympathetic tumble.
Next thing you know the US market separated from the woes of the others. From early June through mid-September the S&P 500 advanced +14.6%. The message to US investors was:
"Don't sweat the headlines from around the globe. As long as the Fed is pumping in QE, then we have a tailwind that will keep the economy and stock market aloft".
In that light, there should be no surprise that Thursday our markets rebounded when most spots around the globe took a royal beating (especially Japan at -7.3%). Plus Thursday provided a solid Jobless Claims report and PMI Manufacturing was better than expected.
I still suspect there is one good rush to 1700 before we go range bound for a while.
After Zacks declared Tesla Motors (TSLA) a "Home Run Stock" 3 months ago, it boomed more than +135%. This electric car manufacturer is among more than a dozen double-digit-plus recommendations that could still make a lot of money for you.
Even better, you can be among the first to share our next home run recommendation at the very beginning of its climb. It will be posted right after Memorial Day, this Tuesday, May 28.
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