While some analysts wonder how long this secular bull market can last, others seem confident for the long run. Liz Ann Sonders of Schwab looks into the likelihood of a market correction. The latest numbers are in from The Conference Board and show an increase in the Leading Economic Indicator during August. Ken Goldstein uses the numbers to forecast a trend for the remainder of 2014. Those looking for a fourth quarter gain in equities have historic performance to back their optimism. Will 2014 be different? Chris Kimble of Advisor Perspectives analyzes the numbers.

Clear Sailing…Or Choppy Seas?-  According to Liz Ann Sonders, Chief Investment Officer at Schwab, “We have been in the ‘secular’ bull market camp since 2009; but even the strongest secular bull markets have experienced corrections. However, a more protracted bear market or even severe correction is not likely in the cards given very low risk of a recession coming in the near-to-medium term.”  http://www.schwab.com/public/schwab/nn/articles/Market-Perspective?cmp=em-QYD

Conference Board Leading Economic Index (LEI): Increased Slightly In August– The Conference Board LEI for the U.S. increased slightly in August.  “The leading indicators point to an economy that is continuing to gain traction, but most likely won’t repeat its stellar second quarter performance in the second half,” said Ken Goldstein, Economist at The Conference Board.
http://www.advisorperspectives.com/dshort/updates/Conference-Board-Leading-Economic-Index.php

Three Reasons Why Stocks Could Mint A Shiny Fourth Quarter For Investors– Investors often enjoy a strong wind at their back in the fourth quarter, based on seasonal patterns and stock market history. Will 2014 be different?  Chris Kimble examines the history of the market in this article.
http://www.advisorperspectives.com/dshort/guest/Chris-Kimble-141001-Q4-Market-Expectations.php

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

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