Replies to post #10539 on Profunds index and sector trading (PRO)

[was Steve]

welcome to the thread robert.

yes in fact most factors favor the market. but how do things get better when jsut about everything is perfect now, to drive prices higher beyond q2/q3 of this year. thats where i come up blank. it is also the timeframe in which i have the end to what will amount to be a 1.5 year rally or so in the context of a secular bear market. all imo of course

[mjfdl]

Hi robert...glad we could pull you out of the wilderness.

I totally agree with your reasons...and I'll add one I never hear about.

The dirty little secret behind all the political posturing with regards to outsourcing is the fact that the two largest populations in the world,China and India are building middle classes.Its going to be rough...with lots of fits and starts but it is going to happen, and is happening much faster than many think.

The American middle class has been the great global economic engine of growth since WWII...now we have a new engine being built that absolutely dwarfs the last one in size. One can not even fathom the opportuniites that exist to meet the demands these billions of people will have.

America will get a big piece of that pie.We may have to reinvent our selves...move away from manufacturing towards service based industries and intellectual resources, but we will.You are starting to see it already...but we have to quit whining about what we are losing and start preparing for what we can gain.

Who has a better societal structure,and educational infrastructure to change rapidly and meet these opportunities than the U.S.?

I can't help but see a massive economic boom dead ahead.