The broad markets are soaring once again. The Dow Jones Industrials
Eric Rosengren, president of the Boston branch of the Federal Reserve, is encouraging the Fed to enter into an aggressive bond-buying program until the economy gains momentum and unemployment starts to drop. The problem here is nobody knows the true depth of the unemployment quagmire. Good news can encourage previously dissuaded unemployed people into re-entering the job market. In 2012, the number of people unemployed increased twice after the Bureau of Labor Statistics released positive monthly jobs creation numbers.
Also contributing to the increased confidence is the overwhelming number of companies reporting earnings that beat analyst estimates. With greater than 80% of the S&P 500
|Dow Jones Industrial Average||87.11||0.66%|
Source: Yahoo! Finance
Another company that has seen volatility over the past quarter, Sirius XM Radio
According to S&P Capital IQ, six of the 10 sectors are expected to have seen growth decrease over the last quarter, meaning it's as important as ever to find solid companies that will help achieve your goal of a secure retirement. The goal is to find companies that will benefit your portfolio for the long term, not stocks that can be manipulated for near-term gains. For this reason, our analysts have written a free report for you: "3 Stocks That Will Help You Retire Rich." This report is absolutely free, but you need to get it now; it won't be available much longer.
Joel South owns shares of no company listed above. The Motley Fool owns shares of Chesapeake Energy and Walt Disney. Motley Fool newsletter services have recommended buying shares of Walt Disney. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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