The S&P 500 (SPY) continues to impress on this recent bull run. Yet the level of 5,000 is nearly 50% above the bear market lows and many value investors are saying that stocks are getting expensive. So will stocks race above 5,000 or will this level prove to be a long red light? 43 year investment veteran Steve Reitmeister shares his views in the commentary below along with a preview of this top 12 stocks to buy at this time.
There is no surprise that the market is flirting with 5,000 for the S&P 500 (SPY). Just too attractive of a level not to attain at this time.
The problem is
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