Fresh Picks for a Stellar Start to 2013
On Wednesday -- on the back of the completion of some sort of "fiscal cliff" deal -- the major U.S. indices surged more than 2% across the board. It was one of the biggest rallies for stocks since the market bottom in March 2009. I think the action was a bit overdone, as the nation has still done little to address its long-term deficit problems, and many battles lie ahead in the coming months. But it sure was nice to start 2013 with such a great day in the market.
By nature I am a cautious, contrarian investor. So, ordinarily, I would outline the reasons I believe the market overreacted, and I'd profile a couple of cheap equities that look OK to pick up during the inevitable ensuing pullback. However, I'll be doing something a little different in today's column and let the positive vibe of the New Year takes us in a slightly more optimistic direction....525 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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