The Wall Street indices look to be ending the year up overall. That is good news and hopefully some of you are on the receiving end of those profits. I personally count this year as a very good year, with the market up about 12%, I managed a 7% rise in my accounts, ok I wasn't in the really hot stocks I plodded down the middle of the road but I didn't lose out and any year that you can say that is a good year.
Next year I predict a series of stumble.s.
Congress is not doing much over the budget and fiscal cliff and that will add more volatility to the markets, It may also act as a brake on the economy in general so I will be looking for a bumpy ride in the first half. Early 2013 will possibly look very much like the last few trading weeks of 2012.
All in all though I am looking at transport stocks still, I still hold and acquire utilities and the top retailers and entertainment stocks look good too.
Bear in mind I am just an average investor, no items in this post or blog should be taken as financial advice, it is my opinion alone and predictions are not supportable as fact.
I wish you all very well for the New Year.
Back to quarter 1 again. Yippppeeeee!