After a brief sell off our call of an end to the market fall looked spot on. The market is now back over 16,000 and looks to continue to rise. Many of our SUPER DIVIDEND PAYERS (link here) :http://moneymanagementradio.com/cart/super_dividend
look to continue their ascent. Some are really flying! We put out a move to SELL RCS a few months back and hope everyone saw that. Most of the other dividend payers are moving nicely with the market. As you know, I firmly believe most if not all stocks just follow the major market trends. I only believe in owning the biggest companies on the planet and have stated that for over 2 years now. These are companies you know of like Johnson and Johnson, big oil, big pharma and the like. Companies whose products you use everyday. Wall Street has agreed with this concept and those large stocks have moved nicely. I would stay away from the “lottery” stocks like Facebook, Twitter, Starbucks, Solar stocks and those that are “small” in comparison to the conglomerates.
The exception would be if you play options on them but that is only for the most advanced of traders.
Oil is up since our last newsletter. With tension in the Middle East, that could be a wild card. On other inflation news, meat is skyrocketing and the drought now threatens to bring massive inflation when coupled with the Feds QE continuance. Inflation is going to get much worse in the near future. You heard it here first.
Welcome New Money Matters Update members and thanks for supporting KVMR FM and Money Matters. You will now receive this email in your inbox from time to time as I write about the economy and the markets. Enjoy the material!
Download a free show at Moneymanagementradio.com on the left menu under FREE SHOW. That show was the interview with the producer of the movie “Money For Nothing”, Mr. Jim Bruce.