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No bubble yet, says stocks guru Garzarelli

By Assif Shameen

When key US stock indices, the Dow Jones Industrial Average and the Standard & Poor’s 500, tore through new record-highs, rising above the milestone levels of 16,000 and 1,800 respectively. At the height of the global financial crisis in March 2009, the Dow plummeted to 6,547 and the S&P to 666. A third Wall Street barometer, the tech-heavy Nasdaq Composite, which hit bottom at 1,108, has been hovering around 4,000, the highest level since the tech bubble burst, with the index at 5,132…

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About every week Elaine Garzarelli will report her forecasts in this online publication (along with other updates). She will recommend which sectors and ETFs to invest in, and she will predict the direction of the stock market. In addition, the issues will contain Elaine's analysis of current economic events.