Market Summary – Q1 2013
The year got off to a great start for equity investors with the US Stock Market at all time highs at quarter end. What’s not to like? The three legged stool of investor well being is on firm ground once again: housing appears to be recovering faster than expected; unemployment has continued to fall, and, as the US Stock market hits new all time highs, it finally feels safe for millions of workers to open their 401k statements again. As always, opinions differ. Ask a bull and he’ll tell you the market is cheap, citing rising corporate profits, below average price earnings ratios and...
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