And that's not a political statement -- I object when it is suggested that whether or not you predict the market to go up depends on whether or not you are a Republican.
Rather it's a statement of financial prudence. I got out of the market in '99, got into Gold in Nov 2001, and so far ... knock on wood ... I've been up every year. Could have done better, but could have been alot worse too.
I do think the S&P will be much lower 12 months from now, than it is today.
And Bush will still win, quite nicely.