A Picture is Worth a Thousand (Million?) Words
- Posted by ToddSullivan
- on March 14th, 2011
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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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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 »
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