Market Watch with Tom Waitt

February_22nd_2012.mp3 Challenging the Highs    Last year the S&P 500 stock index doubled from the lows set in 2009. Fear and bearish forecasts still surrounded equity markets pushing the S&P 500 index down 22% late in 2011. We are now back to the 2011 high and set to challenge all time highs. S&P500 Index (Click For Larger Picture) After doubling the S&P 500 index in 2011 from lows in 2009, the market fell 22% on European woes and Global debt concerns. News media and many market pundits remained negative. Pessimism ran rampant, Oil supply concerns, the U.S. debt ceiling, Chinese accounting, Russian corruption, Obama's future, Mid East theaters of war, political infighting and Bank reforms and Iran. A challenge of the all time high on the S&P 500 (1576.59) would involve a 220.21 point move, a 16.2% advance which is likely to occur as the economic recovery takes hold. There are many opportunities to make money but it requires action on your part, each stock selecte