Monday, October 15, 2007

The Market Was Up Again?

Yep. That's right. Another new high on the major indices. Sorry, but I have to brag again.

Look at this chart of the S&P. Check the middle of August.

That's when I said the pundits and the little guys buying puts were full of crap, that stocks and the economy would improve. Ta, da!

Call me Swami. Moreover, despite a potential hiccough of profit-taking, look for the market to set new highs through Thanksgiving. Christmas retail sales will be better than the gloom they're predicting.

1 comment:

Rick Bylina said...

My wife's portfolio thanks you for you prognostication abilities.