'Quiet summer' for investors is over
After a seasonal lull, things are starting to pick up, says columnist Anthony Mirhaydari. Precious metals are worth a look, he says.
"We had a quiet summer," he said. "Now things are really picking up at the end of the year. The first big thing is Central Banks. Both the European Central Bank and the Federal Reserve are expected too unveil new stimulus measures this month."
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The European Central bank is up first on Sept. 6th and may push down Italian and Spanish borrowing costs, he said. Six days later, the Fed may unveil a new program for buying mortgages. The "fiscal cliff" issue will come to a head around election day.
Republican Mitt Romney's platform to lower taxes and reduce regulation will resonate more with business people than incumbent Democrat Barack Obama, according to Mirhaydari. He added that the time is right for investors to look at precious metals.
"They have been neglected since 2011 and now they are starting to turn higher," he said. "The moves have just been happening over the last few weeks. So there are a lot of opportunities there for people."
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@awol: "expect a 20% pop in worldwide stock markets."
The Dow is now at about 13200. A "20% pop" would have it rocket to somewhere around 16000.
Thank you for playing, but go home and plaster your car with Romney bumper stickers.
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An interest rate tease in The Wall Street Journal sends the market into an optimistic tizzy -- but one that doesn't end quite at the top.
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