Hop On Board

Thursday marked the third significant down trading day of the week. It appears that the second-quarter swoon that we saw in 2011 and 2012 is arriving right on time. The latest sign that the economy is slowing a bit was Thursday's release of the Philly Fed Survey that measures business activity coming in weaker than expected. Given that we have the same political leadership on both sides of the aisle, the same policies, the same mess in Europe that we have had in the previous couple of years, the slowdown has a certain logical symmetry to it. But fret not, campers. The Federal Reserve is continuing to pump a large amount of liquidity into the market, so any selloff should be contained to a 5% to 8% range.

A pullback will allow prudent investors who have kept some cash on hand to snap up good stocks at lower entry prices. In the meantime, there are always areas of opportunity for those who want to enter the market without waiting for a decent decline in equities....411 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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