The Fed’s Actions Are Boosting the Bull Cycle for U.S. Stocks
October 04, 2010 at 06:00 AM EDT
News from the U.S. Federal Reserve is keeping the bull cycle for U.S. stocks alive and well. Despite investors taking a breather this week, the outlook is good for coming months. The Standard & Poor's 500 Index fell 0.2% since Monday, while the Nasdaq 100 , shown below, fell every day of the past week for a total slippage of 1.5%. The week felt a lot better than that for my subscribers because all but one of our exchange-traded funds (ETF) bets is on overseas stocks, and most rose 1.75% to 4.7%. So we are exiting the best September since 1939, but it closed very softly for U.S. investors as the most critical earnings season in the past year looms on the horizon.