Tag Archives: ProShares Ultra S&P 500 Fund
Stocks have done remarkably well since the June lows. Normally, in a midterm election year, the third quarter is a bummer. Unless something disastrous happens in the next two weeks, though, Q3 this year will end up on the plus side of the ledger.
Haste makes waste! Stock prices took a nice bounce this week, lifting the Dow industrials to within striking distance of an all-time (that’s ALL-time) high. We’re encouraged by the market’s action, because it tends to confirm our thesis that the next two years will be a wonderful period to own stocks.
Finishing the job! Stock prices backed off this week as investors digested news that the Federal Reserve has decided to put its credit-tightening campaign on hold. We’re pleased with the way the market is forming a broad, solid bottom here.