- SHORT TERM - The equity markets are still in an uptrend, but weakening considerably. I would expect more consolidation in this current area at the very least. A pullback of some sort is not out of the question either. However, it is not a short term down swing that I would be willing to trade.
- INTERMEDIATE TERM - The S&P 500 confirmed its bottom at the most recent panic low. While a test of these lows is always possible, the strength of the trend suggests only a minor pullback before moving sharply higher again.
- LONG TERM - The equity markets are in fine shape with valuation and sentiment models calling for higher prices. 2007 looks to be shaping up as a great year for stocks. Holding good strong mutual funds such as the Baron Partners Fund should yield a strong return above and beyond the benchmark index returns.
I will talk a little more later about a very strong mutual fund portfolio that can achieve growth style returns while only taking blended style risk. The best of both worlds.
Good Luck in your Trading!!
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