Now honing in more:) The crawler did NOT include it was an opinion SUGGESTED by a Kenneth Tower. from article <<To Kenneth Tower, the combination suggests the U.S. stock market's 21-month rally will last into next year.>> 'Suggests'. isn't something that flips my wig:)
Welles, Thanks for the info. I think the following for next year 2005:
Big Negatives: Rising Dollar in the second half of next year with some what reduction in twin deficit syndrome. The refinance scam with rising housing prices most likely peaking. Top that with rising long term rates with 10 year Bonds going to at least 4.5 %. Short term rates also on the rise with Mr. Greenspan screaming about it from the top of Mount Everest. A jobless recovery.
Big Positives: Corporate America flush with cash could translate into capex spending. A few reputed investment firms including British Petroleum (BP) forecasting oil prices in the mid to high US $ 30 for year 2005.
The above makes it difficult for me to be in the bullish camp after at the most Q1 of 2005.
Inputs are most welcome whether you agree or disagree with me. As Jim says after all we shall know in the fullness of time.
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