Let’s make a few bullish/bearish predictions about various asset classes.
I'll start. Here are my predictions.
Bullish:
Large Cap stocks – Low P/E & flush with cash
Oil – It’s tough love, but people can learn to like $3.00/gal gas.
Power – Soon every house in America will have AC, even in Alaska.
Neutral:
Foreign Stocks – Overpriced but look for a 2nd wind
Bearish:
Small Caps – A great run up, but now way overpriced
Hedge funds – The zero sum game has found its last few suckers.
Gold – After all the excitement, the yellow stuff got no real use.
Housing – Silly money chasing silly prices – time for a reality check
I'll start. Here are my predictions.
Bullish:
Large Cap stocks – Low P/E & flush with cash
Oil – It’s tough love, but people can learn to like $3.00/gal gas.
Power – Soon every house in America will have AC, even in Alaska.
Neutral:
Foreign Stocks – Overpriced but look for a 2nd wind
Bearish:
Small Caps – A great run up, but now way overpriced
Hedge funds – The zero sum game has found its last few suckers.
Gold – After all the excitement, the yellow stuff got no real use.
Housing – Silly money chasing silly prices – time for a reality check