Friday, December 10, 2010

Stocks at 2-Year High Amid Encouraging Economic Data

^^ That's an AP headline from today. And I quote:

http://finance.yahoo.com/news/Stocks-edge-higher-on-apf-2601339914.html?x=0&sec=topStories&pos=main&asset=&ccode=
NEW YORK (AP) -- An encouraging trade report and signs that a tax cut package would pass the Senate sent stocks to their highest levels in two years Friday. Bond prices fell for another day as investors expected the tax deal to lead to economic growth and higher budget deficits.

  
It's not apparent now but stocks are headed to all-time highs and beyond. Corporations are raking in profits like never before but you're not supposed to know that. Those record profits aren't being blared across the newswires because it's not supposed to be that way amidst a recession. Understand me? Good news is bad news and bad news is good news. As I've mentioned many times before, BUY and HOLD. That strategy's been out of style in the lost decade for stocks but it's coming back. Feel me.

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