I think the big story next year will be how fast the US unemployment rate falls.
In fact I wouldn't be surprised if we hit 6% by this time next year.
In regard to the stock market I expect another very good year due to more people working and buying homes.
Mortgage rates will rise further and possibly Interest rates by this time next year if the employment numbers really start to increase.
All the experts seem to agree 2014 looks good which worries me but I've come to the conclusion that 2014 may be much stronger that most experts imagine.
Certainly retail investors remain skeptical and some are still on the sidelines but confidence is rising because of fundamentals not hope.
The Canadian market should also do well thanks to the US economy improving.
I will be posting the results of the 2013 selections on December 31 after the bell which should hit a 40% average if all goes well over the remaining few trading days.
Kindred Biosciences (kin) looks very interesting and I took a position in it a few weeks ago.
ReplyDeleteThis company just had their IPO in December and is climbing steadily.
I expect the price to hit $50 at least by the end of 2014.
Current price is $22.12