For the doomer bears, it was arguably the worse year since...last year. For the equity bull maniacs, it was just another glorious QE-fuelled bonanza, with the sp'500 climbing 422pts, a 2013 gain of 29.6%. There are probably another 3-5 months left in this giant wave that began in Oct'2011 @ sp'1074
sp'weekly'4 - hyper bullish outlook
Summary
A lot can, and will be said about 2013, which was merely a continuation of the giant wave that began in Oct'2011, when the sp' was a mere 1074. How bizarrely low does that seem now?
We are now month'26 UP...with the sp'500 now 72% higher. Truly amazing, but then, if you gave me access to a digital money printer, I could probably spend a few trillion too, and end up with much the same result.
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Anyway, enough of that.
It is late, 2013 has been one hell of an experience.
Sincerely...happy new year to.... YOU !
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*I will probably post some sporadic bits and pieces across Wednesday...some reflective on 2013..but more importantly....on the year ahead
Goodnight from London