Opening Statement from April 2014 Intelligent Investor (Part 3)

In the Market Forecasting section (Part 2) of the March 2014 Intelligent Investor, we stated that we felt that if the Dow Jones could hold up above the 16,100 support, the chances of another correction over the next several days would diminish greatly.

As it turned out, the Dow Jones did in fact hold up to this support. In fact, consistent with our expectations, the Dow recently reached a new record-high, trailing the new highs made by the Nasdaq and new record-high made in the S&P 500 several days earlier