Jason Rines (iThinkBig)

Bob Doll Favors Energy, Tech and Health Services

See my note from beginning of February but this is just a repeat I stated here over and over since December. I also said to watch Washington since the beginning of 2008 for market guidance. It should not be this way but it is. I am no prophet, I just watch whom is gaming the table.

"This Is Just the Beginning [View article] The U.S. will have it's reinflation attempt, lifing four major sectors (energy, health, higher ed and I.T.), some job creation and then face serious inflation, that is the U.S. preferred method of public debt repayment. The U.S. consumer will continue reverting back to Save and Invest.

The next Bull will be 2013 and be tepid compared to the growth of the 80's and 90's. What you saw this last year was a looting of the Treasury.

You are now seeing those still in power attempting to socialize the crushing pain the middle and lower classes are/will feel so you could say that current political leaderships focused on electability and quieting of the wrath of J6Pack. Out of 3 U.S. depressions, each one is followed by voter revolution after four years. This time will be no different so by 2012 and thereafter, we should make economic progress and the U.S. will pay down it's debt but in doing so growth will range from 1%-2% after that time.

Until then, I expect more volatitlity but not as severe as what we saw Q4 and this quarter. I am not afraid to buy and hold for 5 years beginning in March. A search of comments reveals I have said the same thing for the last three months. And I can check cash flows and management, go company specific to buy equities.
Feb 09 10:28 am |Rating: +4 -1 |Link to Comment"