Now that DOW has finally touched 12500, I am changing my outlook for stack markets. It is ready to bounce back and DOW would close about 13000 by year end. Despite all nervousness around "fiscal cliff" and recession due to fiscal cliff, US politicians are not stupid to push country into recession. President Obama has upper hand in negotiations due to strong showing in re-election and finally republicans leaders have started showing some sense in their public talks (otherwise they know that they are going to lose control of house in 2014). So all indications are that there would be some kind of "grand bargain" between Thanksgiving and Christmas. Markets would start anticipating this starting from next week and start rising slowly but surely. This is why I am predicting DOW to close above 13000 and S&P near 1400. So what sectors I am bullish on? I still prefer REIT, Energy and Health-case sector. in REIT sector, recently I discovered new leveraged ETF - MORL (bet...
Commentary about markets and investment ideas and some random thoughts!