This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Buy the Dips: This Bull Market's Not Over

BALTIMORE ( Stockpickr) -- The bears are back in town. Or rather, they never left. But after the last five straight days of selling, they sure are getting louder.

>>5 Big Trades to Take in December

Despite a rip-roaring market in 2013, the S&P 500 is due for higher highs yet to come. The bears are wrong. Here's why.

Look, there's no question that we've been in the midst of a historic rally for the past eleven months. Year-to-date, the S&P 500 has climbed a whopping 25.3% as I write. If we closed the books now, it'd be the best year for the big index in a full decade. Get rid of the calendar-year constraints and the rally extends more than 30% since last November's lows.

At some point, we've got to wonder, "How high can it go?"

>>5 Stocks Under $10 Set to Soar

First things first, I'm no journalist. In my day job, I manage stock portfolios -- so yes, I'm talking my book right now. And needless to say, it's been a blockbuster year for investors who were allocated to stocks early on, and a bloodbath for those who were underexposed, and playing catch-up ever since.

The thing is, even though it seems like bears are only starting to come out en masse now, many of the most vocal ones have been betting against this market all the way up. I'll be the first to admit that even the best professional investors are wrong sometimes (or even frequently), but missing the biggest equity rally in a decade is a whole nother level.

Keep that in mind the next time you hear stocks are doomed.

But there's a difference between feeling like the market's moved up too far too fast, and having the data to back it up. When you invest by "feel," you subject yourself to bias -- we all do. So I'll stick to the facts today.

>>5 Health Care Stocks Ready to Cut You a Dividend Check

Stocks Are Expensive, Right?

The first question we need to ask ourselves is whether or not stocks are too expensive from a value standpoint. If they are, then maybe there's something to the bear argument after all.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs