Monday, December 8, 2008

Granted the market has

swished higher to the tune of +1000 points. It can go higher just on short squeezes. It wouldn't and shouldn't be a shock to people to see the market up +700 points.

Bill Gross said that markets are undervalued in a leveraged environment which he believes is over. From my perspective, the amount of money being pumped into the economy is a leveraged event, and from that fact alone stocks should rip to the upside.

If that is the case 1998-2000 will look like a mini-bull market as to what commodities will do this coming year.

No comments: