The bears took a beating last Thursday (11/4) in covering their short sales to help propel the three major stock indices to two-year highs. Also adding fuel to the bullish fires was President Obama’s suggestion that he’ll consider extending all of the Bush tax cuts, including those for the wealthiest Americans, which he had balked on before. As Larry Kudlow pointed out on CNBC Thursday evening, this removes what would have been great incentive for investors to sell equities by the end of this year to avoid a feared tax hit. (more…)
Stock Market Wows Us! Still Room to Run?
Thursday, November 4th, 2010Examine Your Assets: Where Do You Go From Here?
Friday, January 8th, 2010Editor’s Note: Phil DeMuth is a psychologist and investment adviser who has written for The Wall Street Journal, Barron’s, the Louis Rukeyser Newsletter, the Journal of Financial Planning, and forbes.com, as well as Human Behavior and Psychology Today. He also co-authors the “Yes, You Can” series with Ben Stein. The pair’s most recent critically acclaimed book, Yes, You Can Supercharge Your Portfolio! released last year. WEALTH magazine asked DeMuth what makes a smart investor and what anyone should be doing with their assets now.
WEALTH: How is your own portfolio doing after last year’s crash? What do you see happening in the market now? (more…)