Sunday, May 2, 2010

Prediction: 2013

Having neglected this blog for too long, it is now time for me to begin crafting something I have been thinking about for a while. I am going to write a 5 part series on the future of world stock markets and what we can expect in the next 3 years and beyond. I am beginning with 2013 because I would like to allow the one or two readers who actually look at this blog to be able to read it from top to bottom. So I'm going to write this in reverse order--this will be part 5 of 5.

2013 will be a fantastic year. I truly believe that it will be the beginning of a lot of great things to come in the world economy with political reform, economic reform, energy reform, and all sorts of other needed change taking place. It will also mark the beginning of the greatest bull market of this generation and beyond. Unfortunately, it will come to fruition due to the pain we are about to go through in 2011 and 2012, but this pain will only make us stronger. Those who anticipate and react the fastest, make the right financial moves, and position themselves correctly will be ready to profit and succeed in the new world economy.

I don't need to write about the great bull market that is coming. Peter Schiff has already written about this in "Crash Proof" and Jim Rogers talks and writes about it all the time ("A Bull in China" is one example). These are not my ideas. I'm not an economist like Peter Schiff or a billionaire like Jim Rogers, but I know that they are men worth listening to. The timing, 2013, is not something they have written about specifically, to the best of my knowledge, but is my prediction of when this new bull market will begin.

In April 1942, the Dow Jones Industrial average bottomed below 100. At that time a new bull market began and the 100 level on the Dow was never seen again. I believe that in 2013 the Dow will bottom again. Below 6,500 just like 2009, perhaps. Maybe lower, or maybe a little higher. I don't know the exact number, but I believe it will bottom along with other world markets. As Schiff and Rogers advise, however, I would rather be long Asia at that time than the United States. China, Hong Kong, Singapore, gold, silver, oil, commodities in general. These are the places to be in 2013, but I'll let you read Schiff and Rogers to determine that for yourself.

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