The current economic and political climates offer some reasons for cynicism.
President Trump said this week that Apple Inc. (Nasdaq: AAPL) CEO Tim Cook told him the tech giant would be building three "big, beautiful plants" in the United States. But Apple has kept silent, and the public and the media are treating the claim with skepticism.
The stock market, meanwhile, keeps hitting record highs. But with Washington continuing to drag its feet on its promises to Wall Street, the specter of a correction looms.
So is it time to start selling? Money Morning Chief Investment Strategist Keith Fitz-Gerald joins FOX Business Network's "Varney & Co." to tell us what he sees ahead. He also tells us if Facebook Inc. (Nasdaq: FB), currently at an all-time high, is too expensive.
Editor's Note: Pundits denied it, experts doubted it, but on Nov. 5, Keith Fitz-Gerald appeared on national television to predict Donald Trump's election would unlock a historic "rip your face off market rally." Now as billionaires pour tens of billions of dollars into the markets to chase trillions of dollars still on the sidelines of this rally, Keith is watching a mysterious "X" pattern that's appeared on 47 stocks that he monitors. Since then, all of the stocks have gone up in price, some by as much as 150% in 15 days and 264% gains in less than a month. Click here to find out about the others...
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