Stocks closed the first quarter of 2013 with continued strength. Domestic stocks, as measured by the S&P 500 Index, rose 3.8%, making it five consecutive positive months for the index. It also resulted in the second-best first quarter for the S&P 500 since 1998, only behind last year’s spectacular start.
The major news from last month stemmed from the S&P 500 surpassing its all-time high set in October 2007, just before the start of the last recession and bear market. The S&P also approached these levels in 2000, just before the start of the tech/telecom-led bear market and recession. Not surprisingly, we sense some trepidation and unease from investors about being at these levels once again. Are investors going to get burned a third time around…
Please watch the video below of our complete Market Analysis.