How To Profit By Understanding The Fed And Central Banks
Jeff Miller | Feb 28, 2013 06:29AM ET
Why have so many TV "experts" been so wrong about the market?
Many blame government. This demonstrates that they fail to include the government factor in their forecasts.
The recessionistas asserted that economic decline was inevitable. Investors were assaulted with negative stories. This included multiple TV appearances by the ECRI and weekly columns from Hussman and Mauldin and assorted "100% recession" forecasts. It went on for more than a year. The puppet shows about the "Bernank" went viral. Meanwhile, this video (QE3 misconceptions and how to profit .
While the market is about 6% higher in the four months since I wrote that post, it is not too late. This story has many, many months to run.
One specific theme is to play stocks that are earlier in the business cycle, like Caterpillar (CAT). I also continue to favor technology names like Oracle (ORCL) and Apple (AAPL).
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