Put Coal in Your Stocking

As the noise and confusion pick up at Chez Melvin, I want to take a moment to look at what's going to happen in 2013. Everyone likes to engage in financial game like this at this time of the year. The airwaves and print will be full of advice about stocks to buy for 2013, how to position your portfolio for year-end gains, and all sorts of very important predictions. But just because I think all this tomfoolery is worthless as an investment guide is no reason for not to participate.

When I study the stock market, I see that all the ingredients for a major decline firmly in place. We have weak earnings, political gridlock, the risk of European contagion and the fiscal cliff all lining up to push stock prices lower. So we could easily see a new bear market in 2013....658 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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