Stock prices moved dramatically higher today after the December Job Creation report was released. At the close, the Dow gained 77 points, closing at 10,959; the Nasdaq added 28 points, closing at 2,305; and oil closed up $1.42 at $64.21 per barrel. All four major stock market indices broke out to four-and-a-half year new highs today.
U.S. job growth slowed to 108,000 in December. Analysts were expecting 205,000 new jobs. However, the November job creation numbers were revised upward to 305,000 from 215,000. The net revision raised hopes that the Fed will not raise rates at the January 31st FOMC meeting.
While the Fed would like you to believe it is tightening monetary policy by raising short-term interest rates, Greenspan is increasing the M3 money supply at the fastest pace ever. The M3 money supply increased $56 billion last week, $36 billion the week before, and $27 billion the week before that. A super economic boom is on the way. 2006 will be a super year for the economy and the stock market.
Looking forward in 2006, the huge stock market rally in 2003 gives us an accurate preview of which sectors and indices will beat the market and help you to double your wealth before 2010. Be sure to read the January issue of The Wall Street Digest, which is online now.
Liquidity levels are at record bullish levels. Add a 33 percent undervalued stock market and stock prices should move steadily higher between now and May of 2006. You will not see P/E levels this low again until the bottom of the next bear market recession, perhaps in 2015. Treat any pullback as a gift and a buying opportunity.
U.S. job growth slowed to 108,000 in December. Analysts were expecting 205,000 new jobs. However, the November job creation numbers were revised upward to 305,000 from 215,000. The net revision raised hopes that the Fed will not raise rates at the January 31st FOMC meeting.
While the Fed would like you to believe it is tightening monetary policy by raising short-term interest rates, Greenspan is increasing the M3 money supply at the fastest pace ever. The M3 money supply increased $56 billion last week, $36 billion the week before, and $27 billion the week before that. A super economic boom is on the way. 2006 will be a super year for the economy and the stock market.
Looking forward in 2006, the huge stock market rally in 2003 gives us an accurate preview of which sectors and indices will beat the market and help you to double your wealth before 2010. Be sure to read the January issue of The Wall Street Digest, which is online now.
Liquidity levels are at record bullish levels. Add a 33 percent undervalued stock market and stock prices should move steadily higher between now and May of 2006. You will not see P/E levels this low again until the bottom of the next bear market recession, perhaps in 2015. Treat any pullback as a gift and a buying opportunity.
whether its 10% or 100% in stocks...your sanity is more important!
