What Me Worry?

From dshort.com - Advisor Perspectives
January 23, 2013 - 9:36am

Jan 23, 2013 Eric Schaefer  There is a saying on Wall Street that investors are constantly climbing a wall of worry. Judging by the market's strong start to the new year (with the S&P 500 Index up 3.22%), investors are falling off of that wall in mirth and merriment. We, however, see no reason for exuberance. Yes, Congress avoided the fiscal cliff, but only by agreeing once again to come to an agreement on the hard choices in several months' time. And, yes, non-farm payrolls grew in December despite all of the uncertainty in Washington.More...

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