This new message board format has taken its toll. It is way more difficult to navigate and post on than the old one and I see nothing that makes it better.
With regard to the market for the coming year, it appears the notion that the Fed will buy 85 billion per month and other central bankers around the globe will follow suit, brings a concensus that stocks will go higher since their is nowhere else to putyour wealth.
Yet the individual investor continues to pull money from equities.
The problem is, of course, old age. The boomers can't take another 30 % or 40% haircut and ever get it back. Plus the notion that stocks have to go up reminds all of the recent notion that houses had to go up.
Bet on yourself. There has never been a better opportunity to throw caution to the wind and meet the demands of your dreams.
Equities are a good hedge against inflation. Very few other liquid investments provide such protection.
People must pay the asking price for food and energy. People are aging and will take more Rx drugs and consume medical services. Housing will eventually recover, but is subject to high taxation and poor liquidity. I prefer indirect housing plays.