...The United States economy is today back to where it stood at its peak prior to the Great Recession of 2008-2009... Therein lies a tale, which Fosback finds very significant when assessing the stock market’s potential. The lack of attention to the magnitude of the recovery has been caused, in his opinion, by “the extraordinary pessimism enveloping the consumer investing population, fanned by a fear-mongering financial media.” That skepticism, in turn, has played a big role in holding the stock market back from even bigger gains in recent months. http://www.marketwatch.com/story/real-gdp-now-at-pre-recession-levels-2010-12-24
Comments : Happy Merry Christmas and Happy New Year, 2011. US Fundamental is getting stronger as we move to year 2011. Stock markets - SPX 1300 in January or early February, and may STI near 3500 TOP. Watch Copper market trend consolidation and TOP at 450 or higher and Shanghai Composite Index, SSE rides beyond 3000 again!
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