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Investors partied all day and into the night on Wednesday thanks to the No Taper Parade. As they woke up Thursday morning they took a couple aspirins, looked in the mirror and decided they would do it all over again. Meaning that no taper = plenty of reason to rally in the short run.
Very little was given back Thursday as investors digested recent gains and are likely building up the energy to move towards 1750. Recent economic reports add to the luster of this rally such as evident in another very low Jobless Claims report and a Philly Fed report more than double its expected level.
Here is my prediction. I expect stocks to rush up to 1800 this year and then go a bit flat next year. Which is not such a bad thing 5 years into a bull rally. We had a flat year like that in 2011 and stock pickers like us did just fine.
Interestingly, there are parts of the globe where stock markets will push ahead 20%, 30%, even 50% next year. And many of the top stocks there will double and even triple that mark. If you have a good track record chasing down these top opportunities around the globe, then you are all set.
However, for the rest of you it's time to tap an expert for help on this vital matter. In fact, we have selected John Blank Ph.D. to head up our all new Zacks International Trader portfolio that will be releasing its first 8 picks come Monday morning September 23rd. John has already shown me his first 8 selections and I know you will be very excited by their potential too.
Zacks' new international portfolio will release its first trades Monday. One is a Brazilian steel stock that could soar more than +100% in the next six months. Another is an ETF for a temporarily "dislocated" Asian market that dropped for no good reason. You can get in on a big rebound.
More than 78% of the world's GDP is created outside the U.S. See how to diversify your holdings while adding thrilling upside potential. But please note that this opportunity closes Sunday, September 22.
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