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I’m Calling An Official Bottom

I’m going out on a limb by calling an Official Bottom to the the 2007-08 bear market. Typically bear markets last only a couple years and lead to a 30 percent retracement, and we’re close to those markers.

Here is screenshot of the nadir:

As I wrote many times before the US economy is fundamentally strong and a McCain victory is certain. Stocks will rally in the coming months on the prospects that a McCain victory will continue George W. Bush’s successfull pro-growth, pro-wall street economic innitiatives. Contrary to the boo hoo hoo liberals George Bush was good for the economy and stock market. The S&P surged from 800 a year after he took office to a high of 1565. It is still well above 800.

When Bush invaded Iraq in April 2003 stocks entered a bull market that lasted until october 2007, on the heels of a cheaper dollar, increased exports, and rising commodity prices. McCain will likely invade iran, which will create a catalyst for a repeat of the last bull market. Oil will hit $200, the dollar will crater, gas and food prices will surge, and globalist, smartist stocks that benefit from a cheap dollar and exports such as Google, Apple, Rimm, Potash, and Mastercard will lead the market substancially higher.

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