Bubble dip recession ends, the market is going to surprise us again
And finally this moment has arrived when none of the reasons behind the original crash is valid any longer but market participants still project the past performance into the future. But Obama and Bernanke have very different plans. They want to take out the old bubble highs of 14000 on the Dow and 1400 on S&P as early as by the New Year. And they are very likely to succeed in that.
If I am right, we will soon see the next stage in the evolution of the American bubble economy, and most Capsters will be surprised by this sharp upturn. The bubble will be back soon, and its recovery will be as sudden and frightening as its malaise and recession were in 2008. And the bondholders, especially foreign ones, on whose backs America crawled out of this recession, will once again be holding the bag and wondering, "how come we didn't see that?". So prepare to get the Fool's special free report titled "It's time to be long" in your mailbox by Jan 1.
I will have turned neutral or maybe bearish short-term by then.