No government issues for 3 months
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No Taper for now
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No serious economic problems around the globe
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Bull market still in place with 1800 on the horizon.
At this stage stocks will likely consolidate for a little while at 1750 given the surge of late.
After that it should make it up to around 1800 by year’s end in a melt up type scenario. Meaning slow and steady stocks will creep their way up to that mark. Stay on the sidelines at your own risk.
Best,
Steve Reitmeister (aka Reity…pronounced “Righty”)
Executive Vice President
Zacks Investment Research
Pelias' views 