Over the weekend, Barron's magazine published their periodic "Big Money Poll", with the following highlights:
-44% classify themselves as bullish, 22% as bearish.
-U.S. inflation rate expected to be 2.2% in 2013.
-Best performing sectors will be Technology and Financials.
-Worst performing sectors will be Utilities, Financials, and Consumer Cyclicals.
-Best stocks are IBM, JPMorgan Chase, GE, and Microsoft.
-Worst stocks are Sears Holdings, Facebook, and Salesforce.com.
-It will take five years to resolve the European financial crisis.
-Current asset allocation is 69% stocks, 22% bonds.
-Bullish on real estate, stocks, gold, and commodities.
-Bearish on bonds, cash, and commodities.
-2012 U.S. GDP will be 2%.
-The U.S. stock market will be the world's best over the next 6-12 months.
-The 10-year U.S. Treasury note will yield 2% six months from now.
-President Barack Obama will win reelection.
-Mitt Romney would be better for the economy and stock market.
-Entitlement reform is the most important issue for the next administration.
-54% say that the White House and Congress will postpone a "fiscal cliff" decision.
Did you know that, due to a 52% decline in the value of the U.S. dollar since 1985, Gross Domestic Product has increased just 4.8% per annum over the past 20 years, while U.S. corporate profits have exploded at an 8.8% annual rate? Or that in 2009, just 32.5% of taxpayers claimed itemized deductions on their tax returns?
When you say "moving averages"..do you mean the Moving average convergence divergence of the Pumpers and bashers. That formula is very complex.
