A Picture is Worth a Thousand (Million?) Words
No better view of the overall US economy can be presented than that presented in the chart below. Retail Sales reported yesterday are at an all time high of $387,123,000,000. This exceeds the previous high in Nov 2007 of $379,960,000,000.
The US economy is growing stronger each and every month. Growth is does not stop till the country reached full employment. With 10mil individuals still out of work who want to work, growth will continue for several years.
How high the market goes and how long it takes to get there cannot be determined, but current conditions and the potential indicate that the market is under-valued and by my estimate under-valued by a significant amount.
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Todd's investing strategy is essentially long with the rare short. He seeks to buy undervalued issues with an upcoming catalyst that will help them realized.... More »