Monday, January 15, 2007
Are you ready for the fireworks
I'm going to make this short as I am short on time myself these days. But I haven't seen a market that's dying to explode like this since 2005/2003. Breakouts are holding up well, and quality stock after quality stock is setting up at the gates to run. Outside of a catastrophic event, there is nothing to hold this market back. Add the fact that almost everybody is waiting for the big correction, and you have the perfect recipe for a rally. Personally I'd like to see a correction, because it will only serve to reinforce the notion that the market always bounces, similar to the late 1990's (not to the same extent), and will only serve to supercharge the rally. If the correction doesn't happen now, which I do not foresee, I believe we will see something of a correction somewhere during the year followed by what will possibly be the last leg of this bull market. Go China, Vista, private equity, lower oil and gas prices, and of course interest rates (the fed stays put, no reason to lower, the economy is regaining it's legs). I'd like to see the market stay flat this week, it will only serve to strengthen the underlying strength of the market. Don't get caught sleeping behind the wheel. If this is the big rally I believe it is, you won't get the same chance again for some years. So get your research done and don't fear the market.