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What Does the Dow’s Record High Really Mean?

Does it signal anything more than bullish sentiment? 

 Provided by Luke M. Johnson, President Legend Capital Group

 

Next stop, 15,000? As the Dow Jones Industrial Average settled at a new all-time high of 14,253.77 on March 5, the psychological lift on Wall Street was undeniable – the market was finally back to where it was in 2007. Or was it?1

 

For many Americans, the Dow equals the stock market, and the stock market is a direct product of the economy. It doesn’t quite work that way, of course. Right now, it is worth examining some of the factors that have driven the Dow to its series of record closes. Does the Dow’s impressive...


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Putting Your Tax Refund to Work

Where could that money go besides a bank account? 

 

Provided by Luke M. Johnson, President Legend Capital Group

 

Should your refund be saved? According to a TD Ameritrade poll, 47% of U.S. taxpayers expect a refund this year. What do they plan to do with the money?1

 

The answers may surprise you. While 15% of the survey respondents indicated they would spend their refunds on discretionary purchases, 47% said they would save the money and 44% indicated they would use some or all of it to whittle away some debt. Just 15% said they would invest it, and only 6% said they would direct it to a charity.1

 

Besides deposit accounts, consider...


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Thoughts on the Stock and Bond Markets
March 12, 2013


6 reasons why bond yields will not rise sharply and remain higher for at least the next 2 years:


1. Economic growth will remain very slow (1-3%) due to fiscal uncertainty (budget deficit and entitlement
spending) and caution by the corporate and small business...




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Thoughts on the Stock and Bond Markets
March 12, 2013


6 reasons why the stock market rally should continue:


1. Although the Dow is now at an all-time high, on an inflation-adjusted basis it is still below its inflationadjusted
all-time high reached in early 2000. If you went to sleep in October of 2007 and woke up today, you’d





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Luke and Alicia Johnson

On February 16th and 17th, Luke and Alicia Johnson participated in the Couple's Club Championship at DC Ranch CC in Scottsdale, Arizona.  They were leading by 5 shots after round 1 and finished off the event with a 4-stroke victory!  There were 28 couples who participated in the event making for a very competitive field.  After a tough start to their final round, the couple finished strong by parring their final 10 holes in the alternative shot format.  The Johnsons are avid golfers and this is the second event of its kind in which the couple has played, besting their 3rd-place finish in their previous tournament.


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