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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (39404)	10/9/2003 12:52:15 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

G'day, Jay! The strength of the key US stock indices has surprised even me lately. I was expecting the traditional September/October slump followed by a resumption of the Bull. But no, this market is reacting very strongly to even a hint of good news. Mr. Market clearly wants to go up, if you'll excuse the anthropomorphism. The writing is now so clearly on the wall that even the permabears are beginning to waver. I don't keep track day-to-day (or even month-to-month, really) but my boring laissez-faire 100% long value-oriented multi-cap US equities portfolio is up close to 40% ytd. (I offer this observation not for bragging rights, but only as a simple comparison for you of how we brain-dead longs are doing). I am expecting another 3% to 5% by year end and 25%+ in FY 2004 for said brain-dead US equities longs. At some point the pain will become too much to bear (ha!) for all but the most committed doomsters. There are very good reasons for the apparently counter-intuitive strong performance of the US stock and residential real estate markets, but I won't bore you by reiterating them. Keep buying the yellow metal!