Big year ends with Wall Street hopeful for 2014

As Wall Street’s best year in more than 15 draws to a close, few are expecting a repeat performance in 2014, though traders have plenty of reasons to feel optimistic.

SOURCE: Big year ends with Wall Street hopeful for 2014: Fidelity.

I have a fair share of stocks in my retirement portfolio and have seen them go up quite a bit this year. It almost reminds me of the year 1998 when I started thinking about retiring. It is good news to see stocks going up especially since the Feds have bond interest rates stuck at 0% for so long.

But then I look at this year from a political view and things couldn’t have been worse. Total gridlock and the total “do-nothingness” congress. How can these two things occur in the same year? Of course my hero Will Rogers  had already told me but I failed to listen I guess.

Be thankful we’re not getting all the government we’re paying for. — Will Rogers

In fact he told me even more bluntly and I am paraphrasing because I can’t find the quote right now

The best thing congress can do for the country is take a two-week vacation.

Those yahoos spend more time at home than they did in Washington this year. Maybe that in financial terms is a good thing. But I do kind of wish they would have stayed around long enough to do a little something for the guy out of work and struggling to feed his family.

One thought on “Big year ends with Wall Street hopeful for 2014

  1. About half of the population is in the market- that leaves half out of the great rise- the same half who are struggling with poor paying jobs or living off of social security.
    I,too, am thrilled to have my portfolio rise. I wonder though…are corporations giving us a false sense that things are going alright with the average US citizen? Is it the ultimate indicator that the rich get richer and the poor are left behind.


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