In a world of fiat money, perhaps everything is a speculation. NY Times
Goldman’s Hatzius is optimistic: Calculated Risk.
11 Reasons Why Ralph Acampora is a Secular Bull at All-Star Charts. My soapbox: I too am optimistic. However, I challenge the use of ‘secular’ and ‘cyclical’. For example, some pundits see December 1974 as the beginning of the great 80’s and 90’s bull market. I disagree. The low in valuation, though not price, occurred in August of ’82. I view the late 1970’s leg as a cyclical bull inside a secular bear. And I speculate today the stock market is in the third and final cyclical move of the secular bear. Anyway…
“Gold may be showing its hand — and the hand could be a real winner for the bulls.” Peter Brandt Will silver finally make a new all time high in 2013? If so, silver could be the best performing asset of the year. Hmmm.
Gasoline prices may be a 2013 economic tailwind. (Calculated Risk)
Did you know 29.3% of U.S. residences are owned mortgage free? Mortgage News