FYI: Stocks may be in the melt-up phase in this nine-year-old bull market, but whatever we call it, investors must always prepare for the worst.
And at the same time, they must also be ready for the best.
There is plenty for bulls to like right now. Market breadth is strong; there is no traditional chart resistance overhead; money continues to flow into stocks and exchange-traded funds; and markets around the world are strong, if not in all-time high territory.
Fundamentally, things look good, too. On Thursday, the initial jobless claims number dropped to a 45-year low. Auto makers have committed to big investments in the U.S., and businesses seem to be responding well to recent tax and regulation reform.
Regards,
Ted
http://www.cetusnews.com/business/Are-You-Ready-for-the-Next-Market-Meltdown-.ryPOWspUgrz.html
