For better or for worse, as investors we are generally suckers for a good stock recommendation. Trouble is, we frequently end up getting suckered by that very same “sure thing.” Well, doing one’s own due diligence is a reasonable antidote for bad counsel. On the other hand, what about those rare cases when the due diligence behind the proffered equities has effectively been done?
The Fed has enacted QE3 with an indefinite time deadline. Europe continues to make progress after Draghi’s bond buying announcement and Chancellor Merkel’s reaffirmation. The market has noticed and responded with a strong upward movement in each of the past two weeks.