Ask an expert: Behind the market's recent climb
MSN Money's Anthony Mirhaydari explains the market's recent winter rally after a dreary performance this fall.
The holiday season certainly plays a part in perking up the market this time of year, says MSN Money's Anthony Mirhaydari in this video. But other factors are at play as well.
Between Sept. 15 and Nov. 15, the S&P 500 lost more than 7.5% of its value. Since mid-November it has recovered back about 4.4%. With the still looming fiscal cliff, what explains this bullish sentiment?
For one thing, Mirhaydari says, the economic data has been improving. Even the foreboding CEOs have had to contend with the fact that consumers just keep spending and adjust accordingly.Of course, there are still risks out there, mainly the yet unresolved fiscal cliff. But Mirhaydari expects a short term deal soon.
He also recommends several avenues for investors interested in taking advantage of the current climate. Especially, Mirhaydari thinks anything that could benefit from the dollar is doing well these days.
The discussion about the fiscal cliff and its effects on the current trading environment continues over at MSN Money's Facebook community.
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Don't need to ask an EXpert....I read them and other pundits all the time...
Plus look or seek out Indicators and Company information/fundamentals all the time...
We have been in a long trend, mild bull market(2yrs) for about 4 years now...
Fiscal Cliff might be a thing of the past in a couple more weeks...?
And Santa Claus hasn't flown over Wall St. with his sleigh yet...
I don't need to ask no stinkin' questions...
Oldchum.......This is not Greece, or anywhere close..
Hard to judge end of November sales because of so many others factors entering into the mix...
Thursday....
Friday....
Weekend...
Cyber Monday....Even many of those sales go to big retailers.
The Big Retailers stock prices are not plummeting...
So the rest(other two comments) just sounds like doomin' & gloomin' at your best..
BTW....Consider giving a little of that petfood money to a Local Food Bank...
and we agree with the rest concerning our "furry friends and companions."
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