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A HUGE 2013 Rally is Coming, Thanks to Consumers

I joined nationally syndicated radio host Moe Ansari on his show Market Wrap with Moe recently to talk about consumer spending, the fiscal cliff and hopes for a recovery in 2013.

The jumping off point was my recent article that “Consumers Could Make 2013 a Breakout Year for Stocks.” The gist: Data points are headed higher, fatigue about being frugal has set in after years of belt tightening, and the slow but steady pace of the recovery could result in a clear turnaround next year.

It was refreshing to talk about consumers and the fiscal cliff with Moe, because he admitted that we in financial media are part of the problem — peddling nothing but gloom and doom, most recently regarding the so-called “fiscal cliff.”  I personally think the fiscal cliff is overblown and Moe does too. (You can get my take in more detail on “Why the Fiscal Cliff is Meaningless,” written last week.)

Anyway, Moe Ansari has over 31 years experience in the financial markets, and it was great talking with him. Hopefully you find the spot informative and entertaining. Visit MarketWrapwithMoe.com to learn more about him and his show.

Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP.

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