OK. Let's not get carried away. According to MOST economists, some real successful ones, we are most likely in middle of bear cycle, interrupted by cyclical BULL markets, also known as Sucker's Rallys (Current market being one of those Sucker Rallies).
So, Get out of the market when Nasdaq is around 2,300 or at least put very tight STOP LOSS orders.
High OIL prices, DEFICITS, and growing PERSONAL Debts, are going to put a hurt on us, towards the end of next year, especially as interest rates continue to rise.
Jim Rogers is a Smart Man and he shares this view as well.
In couple of years, we should have another one of these Sucker Rallies, so Don't miss it.
Here are few symbols to LOOK at if you want to take advantage of the TAIL END of current rally:
FUR
CMGI
ADCT
SPIL
CNXT
NT
LU
HOFF
CTGI
ENCY
etc....
Bob Brinker believes it's a cyclical bull also, and he's been dead-on calling the trends. I've noticed the market has been on a cautious upswing for the past few weeks, which makes me think traders had a good idea Dubya would win, but there was a possibility of the terror world pulling a Spain on us. Actually, I'm a bit surprised they didn't get something off to try to influence the election. Anyway, they ain't all that smart about Americans, or they wouldn't have given the impression they endorsed Kerry. If they had shut up, maybe the election would have been a lot closer than it was.