Actually, there is a strong possibility that the COMP could hit new highs by the end of the year; but I want to refrain from sounding to bullish. The positioning of my portfolio is quite bullish, however, and I have recently taken some $$ out of my two Keough Money Market Accounts and placed them in some Fidelity Mutual Funds, in particular, their Mid Cap Fund. And Let me tell you, I'm quite conservative in regard to my Keoughs. Moreover, I've added some long equity positions in my cash accounts.
As for Gore, there is no question in my mind that he would become the second coming of Jimmy Carter and the ultimate Savior For Gold. If there is anything that can derail this Bull Market, it is Al Gore.
On a thread like this, where most people just focus on the indices and miss the big picture, they fail to realize that there are tons of stocks that are selling for less than 10 times next years earnings, such as, IR, KEM and TUES and whose growth rate is twice their PE. All you hear on these dogmatic bearish threads is doom and gloom. It is amazing how few people think for themselves. Some of these Bearish Threads are like Religious Cults. The same people who were Bearish at Dow 5000, will be even more bearish at Dow 36,000. That is where the Dow is headed if a soft landing comes about and Bush gets elected. But I try to be polite at times and let people live in their own Fantasy worlds. It is, indeed, a great beautiful free country. |
