There's ‘Black Gold' in Pipeline Stocks
The US is becoming energy independent, says Louis Navellier, and that is creating tremendous opportunities in pipeline investments.
Nancy Zambell: My guest today is Louis Navellier, editor of Blue Chip Growth as well as several other important newsletter publications. Louis, thanks for joining me.
I wanted to talk to you about the market. We had a great January. February stumbled a bit. Do you think we're going forward? Are we going to keep going above 14,000 or fall for a while?
Louis Navellier: I definitely think we're going to break through 14,000. It's just that in January, we had such a strong flow of funds. For lack of a better word, the market kind of melted up.
Historically, the flow of funds starts to ebb a bit in February. So, it's just time for the market to burp-consolidate a bit. I don't see any serious correction. If anything, it'll be more of a rotational correction from one industry group to another.
After this February pause, we should be going higher in March and April, which are seasonally strong months. There is a lot of pension funding in March and April. This is a pause before the next surge.
Nancy Zambell: That sounds very good. Now, in terms of economics-everyday we're still hearing mixed economic news, but mostly on the upside-a better housing market, better unemployment, but consumer spending has sort of paused. It had been doing very well, and then we saw a pullback. What is your viewpoint on that?
Louis Navellier: That's an outstanding point.
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