The Market Sniffs Out a Banner Year
The president believes, and even the Fed chairman believes. I'm not talking about Santa Claus or the San Diego State Aztecs -- or even the supposed Mayan doomsday prediction. I'm talking about the U.S. economy, which looks ready to move to a higher level if only certain things fall into place. 2013 is setting up to be a banner year, and the stock market has sniffed it out.
Following the 2008-to-2009 financial crisis, the economy has had difficulty moving on quickly; the crisis, after all, created a deep fiscal hole and carried a real threat of a longer-lasting recession. Yes, the Fed and even politicians have tried to get the economy on sound footing, but the 2009 passage of $700 billion in growth initiatives fell far short of anything useful -- and any future package will be scrutinized for its efficacy, given the current unacceptable growth rate vs. the plunge that had come just prior....256 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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