Stocks are moving higher as many companies have reported strong earnings for the first quarter. Apple, Facebook and Verizon have all turned in good numbers. Doreen Mogavero, Founder of Mogavero Lee believes the reason why stocks aren’t taking off is because retail investors aren’t willing to take the risk. Many traders believe there will be a correction and don’t want to commit new money. Conflicting economic data today hasn’t helped bolster investor confidence.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
