Sidestep market slogans

Article Excerpt

Here’s an excerpt from a recent issue of Advice for Inner Circle Pro Members: “The sharp rise in stocks since March seems excessive to some. Stock prices are back up to their old highs, even though earnings remain well below past peaks. Just remember’A rising market climbs a wall of worry.’ This is one of those rare stock-market slogans than makes sense and fits on a T-shirt. A modern economy has a lot of moving parts, and it’s the job of the media to find and report on the parts that are running into problems. That’s why, in a rising market, you can always look around and spot reasons to sell. These potential problems are the bricks that go into that wall. Most get fixed long before they spur a market downturn. Our view now is that stocks are still a good place for your money, if you can afford to stay invested for several years.” Click here for more information on Pat McKeough’s Inner Circle. Pension funds and other…