It might be one of the boldest things I’ve ever written…
In the April 2009 issue of True Wealth, I wrote…
I am extremely bullish on stocks, starting now. I believe the entire stock market could rise by 50% from its lows last week over the next 18 months. And the next seven to 10 years could be phenomenal…
Predicting a 50% gain in the stock market was a foolish thing to do. The stock market never rises that much, that quickly.
[ad#Google Adsense 336×280-IA]You have to keep in mind, March 2009 was the stock market’s bottom. Despair was thick in the air. I might have been the most bullish investor out there at the time.
As it turned out, my big, bold prediction turned out to be conservative… Stocks were up 50% in 12 months after I wrote that. From the bottom in March 2009 to the top this year, stocks doubled.
But where do we go from here? After all, stocks have doubled since their March 2009 lows…
Doesn’t this bull run in stocks have to end already? Absolutely not.
It’s still “the best time to buy in a generation” – as I wrote in the June 2011 issue of True Wealth.
And I want to repeat our key theme from that issue…
I never imagined we’d see all these things come together at the same time in my investing lifetime. Right now, we have:
• Major stocks trading at record-low valuations, while we have near-zero interest rates.
• House prices more affordable than ever, with record-low mortgage rates.
• Gold investments that are record-cheap, during a bull market in gold.
• We also have a fearful public, which is good, because it means the peak is not here yet. And we have a sputtering economy, which is good, because we have a government that is committed to keeping interest rates near zero for a long time.
In short, the “setup” conditions are still in place for this bull market to continue.
[ad#article-bottom]The script has stayed the same for years now – it’s the Bernanke Asset Bubble… And it should continue for longer than anyone can imagine.
Close your ears to just about everything else. Rest easy knowing you have the script in your hands.
Buy everything (just about). A soaring stock market is just “collateral damage” on the way to getting the economy going. So is a weakening dollar (which means higher gold prices).
If you’re following the script, you know there’s money at your feet. All you have to do is own stocks and gold, and that money is yours.
Good investing,
— Steve Sjuggerud
[ad#jack p.s.]
Source: Daily Wealth