All I can say is that 2004 is election year and with the amount of pumping in the system, if the market is going to mount a solid run, it will be next year. 2005, is the first year in a Presidential cycle, and since there will be a price to pay for the extreme excess in money printing, stretching the consumer and squeezing the last drop of blood to show good earnings next year, I figure that 2005 will be the "payback" year and it should end much lower than where it begin. of course, a lot of things can happen between now and then, but buying the 2006 (both cases I presume the Januaries) to allow time for recovery, does not seem "right" to my long term view of the market (g).
