(Note: The covers of widely circulated newspapers and
business news publications are famously known for being contrarian indicators
of what will actually happen in the economy and financial markets…)
From Barron’s cover story this week: “The stock market has
deflected lots of worrisome news this summer, and Wall Street strategists see
more gains ahead. Beware the fiscal cliff?
Call the stock market's swift 10% rise since the end of May
a Teflon rally of sorts, because myriad worries on Wall Street -- from the
so-called fiscal cliff in the U.S. to Europe's financial mess to turmoil in the
Mideast -- haven't stuck, much less slowed the bull's progress. Instead, stocks
have marched gamely higher, as ultra-low interest rates have burnished risk
assets' attraction and propelled investors to seek higher returns.
The market's spirited advance not only has delighted
investors, but vindicated the mostly bullish 2012 forecasts of 10 prominent
market strategists Barron's surveyed last December…..
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