Ben Bernanke had once again manipulated the markets with his speech on continuing the $85M monthly bond purchase which he previously hinted a possible tapering in purchases.
Stocks across the world rallied on the comment, but despite the rally, the euro zone crisis is still not over and interest rates are quietly rising.
Source: http://www.forbes.com/sites/robertlenzner/2013/07/12/how-bernanke-manipulates-the-markets-in-3-easy-steps/
I still think that there are downsides to the market sometime around mid 2014 due to the forecast of bond tapering by Bernanke and markets will still continue to be on the uptrend for the next few years due to inflation caused by bond purchases.
Banks are a good bet against rising interest rates and stocks with low borrowings as higher interest rates affect profit.
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