Speaking of the stock market and the economy, here are some measured words from the strategists at Charles Schwab: Markets and fundamentals can become disconnected over short time horizons, but ultimately tend to move together over the longer term. We see the U.S. economy picking up steam off the weak first quarter, which should help to boost corporate profitability and ultimately stock prices. The likelihood of a near-term correction is elevated as we are in the heart of a traditionally dangerous time in the calendar for stocks (both the typically-weak May through October and the midterm election periods). But there is little to indicate to us that an economic downturn is on the horizon, which leaves us in the optimistic camp believing that the bull market is not winding down. Incidentally, well be posting the Kiplinger mid-year market outlook on June 2.
Posted on: Fri, 23 May 2014 18:26:57 +0000
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