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Let me simplify this for you. The Government's December Employment Report is wrong and ADP Employment is right. The key words in the last sentence are "Government" and "wrong". This should not be a shock to anyone who has watched our government in action since the day they were born.
Obviously most other investors came to that conclusion as stocks had no problem rising on Friday. Yet they are still not happy enough to get stocks into positive territory on the year.
Earnings season is the next test. Let's hope Corporate America impresses enough to finally provide some lift for stocks in 2014.
My name is Nilus Mattive, and I love dividend stocks. But I also want to warn you that rising interest rates will send money rushing out of many income stocks in 2014 ... crushing a lot of unsuspecting retirement portfolios in the process.
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