What Will the New Year Bring for Stocks?

Ladies and Gentlemen, I proudly present to you the stock performance from 2013!

Wow! What a year?  As we sit here on the first trading day of 2014, we have just experienced a year when the Dow Jones Industrial Average moved up 26.5%, the S&P 500 moved up 29.6%, and the NASDAQ Composite soared by 38.2%.

We are expecting another very good year for this year in stocks, but do expect a little different path to get to the finish line.  Last year stocks gained right out of the chute, and this year we would expect a little more restraint, maybe even a correction as we digest 2013's victories and also fourth quarter earnings.  You can see below from our overbought/oversold indicator that the market could certainly stand a little resting period, and we think it may get it.

It is an exciting time to be an investor, and we certainly are excited at following the action of this coming year.

Don Hays

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