Replies to post #620 on Estimated Prophet Portfolio

[b9molecule]

gym - we tend to underestimate the power of the bull run, even in the face of warnings. All one has to do is look back on the dot-com bubble, or the real estate bubble, for two recent examples. This probably still has some way to go.

[gym gravity]

confident consumers + jingle in their pocket = good xmas season

Participants were also generally pleased by the latest dose of data, which showed that personal income for October increased 0.2% and personal spending for October increased 0.7%. Respective increases of 0.1% and 0.7% had been widely expected.