Early rumblings suggest there will be a new crisis by March, as the republicanus and dummocratis prepare for ‘Battle Retard.’ Also, most economists are predicting very weak economic growth for 2013, ranging from 0.00 to 1.5%. Scott Bleier has been saying ‘We Are Japan’ for years. I reckon he is correct.
Speaking of Japan, the yen is stronger today, so Japanese stocks are on sale. I am a buyer of HMC on dips and will continue to do so until the stock hits my price target of $45.
If the market is serious about going higher, it will not give back too much today. We’re more likely to see a moderate pullback, then another leg higher. That being said, don’t think this market isn’t capable of being truly idiotic–whipsawing novice investors into bankruptcy filings.
For now, however, we must remain bullish until price action says otherwise.
Top pick: JRCCIf you enjoy the content at iBankCoin, please follow us on Twitter