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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (11975)	12/18/2003 8:52:38 PM
From: pbull	Read Replies (1) \| Respond to of 13815

Totally agree. New all-time high on the Dow in 2004, (as close to a guarantee as I can give). Fed will stay on sidelines for as long as it possibly can. Dow will peak July/Aug of 2004, retreat slightly going into election, next meaningful correction/economic downturn due to higher rates will be in 2005. With the run in small caps, look for midcaps that are doing well to continue, and blue chips will have double-digit percentage gains across the board. After that, with fiscal stimulus no longer needed, and the Fed tightening on the monetary side, there will be a significant correction. Either stay in the market with the P&G's and MOs of the world, or short the wild stuff all the way down. PB