by George Leong, Investment Contrarians:
It seems like every day we’re seeing the stock market advance higher, which makes me wonder if traders are just trigger-happy and trading on the momentum in the market—and, trust me, there’s plenty of it.
Whether you are a day, swing, or longer-term trader, there’s easy money to be made. The Federal Reserve has provided you with this great opportunity, so take it.
The only issues that continue to cast a cloud over the situation are the state of the country’s finances, namely the national debt and the many municipalities and states experiencing economic hardship. Recall my previous commentary on the colossal financial crisis in Detroit. The city is burdened by a massive debt load, declining revenues, and a rapid decline in population migration that has spanned across more than three decades. But Detroit is not an aberration. There are other regions across America that have fallen into the same financial abyss.
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