But first. Well start the day with matt shapiro, president of mws capital. Good to have you on the show today. Thanks angie. You are here to talk about the santa claus rally. That is the big rally that tends to happen between christmas and new years. I feel as though this market has just been the gift that keeps on giving all year long. So what do you anticipate this year . Profits have been booked. Its been a blockbuster year. Things are gonna quiet down and its gonna be tough for anybody to push the market either way but it has been those momentum stocks of course that people are gonna want in their portfolios as they look to 2014. A lot of that is whats behind the santa claus rally. Portfolio managers putting in the best stocks into their portfolio towards the end of the year in quiet and relatively thin markets. How should the average investor handle that . Its a good time to start picking through your portfolio and put together the package that you think is really gonna do well fo
Washington deal on the debt limit was near. Wall street opens this morning after another strong run on friday. The dow closed at its high 111 points higher nasdaq 31 higher, s p 10 up. Gold continued its fall. Down 27 dollars for a weekly loss of more than 3 percent. Oil ended down around a dollar. Caused by the prediction that next year the United States will overtake russia as the worlds 2nd Largest Oil Producer behind the opec nations. The prediction comes from the International Energy agency. The 2 largest mortgage banks say Rising Interest Rates pushed 4th quarter loan originations to nearly half of what they were a year ago. Wells fargo and jp morgan say home loan applications have been on the downward slide for nearly 6 months. A lot of talk and a lot of hope over the weekend, but as of yet no clear breakthrough in terms of the Government Shutdown or what to do to resolve the debt ceiling crisis. Republicans have been backing down from their earlier demands for large concessions
With matt shapiro, president of mws capital. Good to have you on the show today. Thanks angie. You are here to talk about the santa claus rally. That is the big rally that tends to happen between christmas and new years. I feel as though this market has just been the gift that keeps on giving all year long. So what do you anticipate this year . Profits have been booked. Its been a blockbuster year. Things are gonna quiet down and its gonna be tough for anybody to push the market either way but it has been those momentum stocks of course that people are gonna want in their portfolios as they look to 2014. A lot of that is whats behind the santa claus rally. Portfolio managers putting in the best stocks into their portfolio towards the end of the year in quiet and relatively thin markets. How should the average investor handle that . Its a good time to start picking through your portfolio and put together the package that you think is really gonna do well for 2014. My forecast is that we
Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s
Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s