They say March comes in like a lion and goes out like a lamb. We’ll see about that. March started with a strong rally that’s added +50 points, or 4.4% to the S&P 500. That’s as good a monthly performance as you’ll find. Perhaps too good…
Stocks have come so far, some are now wondering, what’s left? And after today’s
Of course, the government’s report will include census workers, so it’s likely to better than the
There is some good news out today. Applications for mortgage loans rose for the first time in three weeks to the highest level since October. Most believe that the homebuyer tax credit is having minimal effect on home purchases now. So we may be seeing real demand pick up that can be sustained after the tax credit expires in April.
Also, Bloomberg is reporting that Bank of
Today also marks the final day of the First Quarter. That means earnings season is not far off. We haven’t seen much in the way of improved guidance for the 1st Quarter, but we haven’t seen many warnings, either.
That bodes well for next earnings season. And if you haven’t noticed the run retail stocks have been on, you’re missing what may be an important bit of foreshadowing.
Even though unemployment remains stubbornly high, Americans are spending money. And not just on small things, either. Auto sales are running very strong, helped by discounts at
I believe this situation allowed my readers to buy one of the world’s best companies at a 30% discount. And we’re already up 13%.
There’s been another big move in the biotech sector. GlaxoSmithKline (NYSE:GSK) just partnered up with
We’ve seen several blockbuster biotech deals already this year as Big Pharma seeks to expand their product offerings. Intermune (Nasdaq:
TradeMaster Daily Stock Alert’s has been all over this trend. In fact, his latest Special 0pportunity Report featuring 5 biotech stocks that could run 62% to 458% is available now. Click HERE for details.