I don`t think that the Nasdaq is out of the woods just yet. I still think these momentum stocks are having trouble.
Meanwhile the stocks that are on my screen that are making new 52 week
highs, its all the energy stocks which having been lagging and lagging
all last year. They are finally breaking out, making big moves as the
price of oil approaches 105 dollars a barrel.
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as “Doctor Doom” because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called “Crash Proof” and a follow-on called “The Little Book of Bull Moves in Bear Markets”. He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.