Another Monday in March Wall Street Update: with todays pullback in mind: ....Weighing on stocks was a report from China, the worlds second-largest economy, over the weekend that showed its exports unexpectedly skidded 18.1% in February over a year earlier. Economists had expected an increase of 5%. The surprise drop also hit copper prices. In the short term, Chinas trade data was disappointing, however, at this point it is unclear how much of it was distorted by the Lunar New Year holiday, said John De Clue, chief investment officer at U.S. Bank Wealth Management. U.S. equities still remain the market of choice for a lot of international money, which is why we have seen more multiple expansion over the past few weeks, he added.... i have decided now is as good as ever to take the leap and buy back into QQQ, which includes a lot of Apple, Google and Facebook shares. im doing this within my Roth IRA account so that i can be as creative and playful as i care to be and not have to worry about any need for income tax accounting. this was all easily accomplished with one brief cell phone call to a TD Ameritrade rep to transfer my annual 2014 contribution of $6,500 from my main account to my Roth IRA. Slam dunk! happy Monday.
Posted on: Mon, 10 Mar 2014 18:33:44 +0000
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