If someone asks us to name the most-accurate or No.1 Analyst in the world according to us we would name Steve Leuthold of Leuthold group. Steve retired last year and Doug Ramsey is now CIO of the firm. We have been reading/listening Steve for 7 years and we were amazed to see how accurate he has been ALL the time consistently without changing views often. See this Bloomberg link to know what he said on March 04, 2009. Similarly, Ramsey has been arguing S & P 500 may make new all time high in 2013 since last few months.
Today, We read in Barrons Ramsey arguing return of individuals (retail investors) to equities should help set the broad top in US market in months to come :-) AND Non-US stocks are best place to invest in 2013 because ECB's President Mario Draghi's pledge to do "whatever it takes" to save the euro, along with newly elected Japanese Prime Minister Shinzo Abe's stated intent to defeat the nation's two-decade-old deflation.
Personally, We remain largely invested as of today in Indian Equity and thinking of remaining invested as long as rising trend line on weekly/monthly chart in Nifty/Defty is NOT broken.
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3 comments:
Hi Jigs,
Thanks for sharing your views so liberally. Very much appreciated.
Regards
Roberto
Thanks Jigs for the useful article
with regards
Rajat
Dr Frank Shostak, who has proven track record and applies Austrian Economics is also bullish and had given projection for S&P.
It projects the S&P rising to 1,531 by December 2012 — close
to its October 2007 record. And the index would rise further to
1,944 by December 2013
You can find detail report on below link
http://aaseconomics.com/economic-insights/the-end-of-the-world-as-we-know-it/
Thanks
Prashant
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