March 11, 2016
By Peter Bower
One question every investment professional has to field when a new trend is established is “how far and how soon?” The honest answer is always “I have no idea.” However, we do have history and precedence to make educated guesses. Left field events can always occur that derail the strongest of trends, but with that caveat, here goes.
This market should go back to the previous highs; those registered in May 2014. That should happen this year and probably before the election. We would not be surprised if markets went modestly beyond those measures by year-end.
The commodity crash is over, growth is returning, the world is benefitting from lower energy prices, and many companies are good buys. Stay steady, my friends.
El Solo Toro
