I wrote a great message yesterday but the Yahoo gods did not cooperate in forwarding it through this wonderful system!
Let me say this simply: MSPD moved up today breaking $4.61 on decent volume (44% higher than normal). Possible deal in the works on taxes? Next barrier for MSPD is $5 mental hurdle with real resistance in the $5.20's. MSPD is up almost 20% in the past 10 trading days.
Economy must grow at least 3% in order to approach the projections for growth in the 4G market that are widely published on this board. We should be growing 4 to 6% but we have re-elected many Democrats who do not understand how the economy works. I do not hear a growth message from Washington! If this country continues to crave European-like spending then taxes must go up on all!
I am hopeful that even with 2% growth that we will see some decent returns in 2013. Happy New Year!