Wednesday, January 16, 2013
Market Forging Higher, Not Yet Warning of a Top
Any pullback should be viewed as a buying opportunity
New York, Jan.16, stock picks .- The Dow rose for the fifth straight day, despite a weak opening that reflected a lower-than-expected GDP number from Germany. Following the gap-down opening, stocks rallied for the remainder of the day, driven by blue chips and the retail sector, which responded to a better-than-expected sales report for December.
The strength of a market’s performance is measured by its ability to withstand bad news, and on that this market scores an A+. ...