I think it's about time for a compelling argument that the stock market could be making a turn around...right? Well like it or not Chrisopher Hill, editor of Investorazzi.com, has come to make an argument that he'll be defending in the comments section! So if you think otherwise tell him why!
Equities have been on a roll these past two months. On Monday, the Standard & Poor’s 500 Index, which is a meaningful benchmark to investors because it generally reflects the movements of the U.S. stock market as a whole, reached a four-month high to close at 907. The tech-heavy Nasdaq Composite Index also has been on a tear, finishing Monday at 1,763--- up 11% for the year.
At this point, many traders and investors are asking, is the current rally in equities sustainable? Or, are U.S. stocks about the make a U-turn and head south?
Recently, a couple of legendary investors shared their views on where stocks might be heading.
Back in early March, Marc Faber, who is famous for warning clients to get out of the U.S. stock market a week before the October 1987 crash, predicted that U.S. stocks would rally. On April 13, the money manager told a Bloomberg Television audience: