---
title: "Bullish Bubble"
url: https://independentstockanalysis.com/bullish-bubble/
description: "“With that bullish view toward equities, here are our “13 for ’13″”: Richard Bernstein . Merrill ‘unapologetically bullish’ for 2013 : Globe and Mail…"
published: 2012-12-14
updated: 2012-12-14
---

# Bullish Bubble

Published 2012-12-14

Posted on

by

J.J. Butler

“With that bullish view toward equities, here are our “13 for ’13″”: [Richard Bernstein](http://www.rbadvisors.com/pdf/13_for_13_RBA_version.pdf).

Merrill ‘unapologetically bullish’ for 2013: [Globe and Mail](http://www.theglobeandmail.com/globe-investor/investment-ideas/merrill-unapologetically-bullish-for-2013/article6220077/).

“The housing market is turning into an engine of growth once again.” [Calculated Risk](http://www.calculatedriskblog.com/2012/12/merrill-lynch-on-housing-and.html#JJFjysZsXGwIydVB.99)

Conversely, the Swiss-based BIS warns of another 2008-style credit bubble about to burst at [Arabian Money](http://www.arabianmoney.net/gold-silver/2012/12/10/swiss-bis-warns-of-another-2008-style-credit-bubble-about-to-burst/).

*ISA* is squarely in the goldbug camp, however, I take issue with the Peter Schiff’s of the world talking about dollar destruction. I don’t view the problem being the **dollar** itself; the problem is **fiat**. Prior to the financial crisis the fundamental case could be made for the dollar index to drop by half. The new energy paradigm and Europe’s problems have changed that imo. A Long Term View On …. The US Dollar Index by [Greg Harmon](http://dragonflycap.com/2012/12/12/a-long-term-view-on-2/).

Is this the Chart of the Decade? [JC Parets](http://allstarcharts.com/is-this-the-chart-of-the-decade/) Fascinating…

Uranium via [Jeb Handwerger](http://seekingalpha.com/article/1060151-why-uranium-miners-may-rebound-in-2013?source=email_macro_view&ifp=0):

*“Uranium may represent a bottoming situation. Look for a reversal in the near term and break above the recent downtrend due to the following reasons.*

*1) 64 nuclear reactors are being built all over the world. A new reactor needs three times the amount of uranium than an operating reactor.*

*2) The world is already in a supply shortfall. Mine supply only provides 144 million lbs to a sector which needs 180 million lbs. This deficit is being filled by secondary supplies coming from Russia set to end in December 2013.*

*3) When the Russian HEU Deal ends, 24 million lbs will need to be made up for: 14% of world’s supply.*

*4) Japan and Germany may start coming back online as electricity costs soar. Japan is updating 23 reactors. New elections are coming up on December 16th in Japan with the Pro-Nuclear party in a wide lead. Part of the party’s platform is further monetary easing and promoting the restart of nuclear reactors.”*

Tightest Corn Crop Since ‘74 as Goldman Sees Rally: Commodities at [Bloomberg](http://www.bloomberg.com/news/2012-12-11/tightest-corn-crop-since-74-as-goldman-sees-rally-commodities.html).

**Natural gas and coal need help. A lot of it. And the cavalry isn’t coming with the [temperature outlook](http://wxmaps.org/pix/temp1.html).**