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
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.
Anyway, enough of that.
It is late, 2013 has been one hell of an experience.
Sincerely...happy new year to.... YOU !
*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