Free Republic

Emerging markets, especially Asia outside of Japan, were top of everyone's list for 2011. The US did not get a look-in. That set my contrarian antennae twitching, and events over the pond last week have confirmed my view that next year might be quite a good one for investors in the world's biggest stock market. Politics, monetary and fiscal policy, corporate strength and valuations all point to the US market ending 2011 significantly higher than today. The US electoral cycle has tended to favour the year after the mid-term elections, especially when a lame duck president is forced to hold...