There are many issues out there that concern us. The WalMart CEO was on CNBC predicting significant inflation in food and clothes. Oil is above $100 per barrel. We know QE2 will end this summer. Housing remains a mess. Scientists have found measurable radiation levels (they say not dangerous) in milk in Washington State.
Perhaps we’ll get good news tomorrow on the jobs front that may lift stock prices.
The Investment Company Institute reported yesterday that Long term US mutual funds experienced $2.5-billion in outflows for the week ending 23 March. Inflows were positive for January and February of this year, and I think if they turn positive again, that will mark the return of Mom & Pop investor (whoever they are) and push the market higher.
No significant change to the Navigate the Stock Market analysis. It is still a HOLD. A couple of decent up-days may return it to a Buy.
