Our Age Curve Market 2010 Outlook
January 23, 2010
The Age Curve Market Outlook 2010
We are pleased to provide you with a copy of our 2010 Market Outlook issue, in which we set out our expectations for 2010 and the new decade within the context of the emerging "Generational Opportunity." To download this report, please click here.
What a difference a year makes. At this time last year the vast majority of experts had adopted en masse the "nattering nabob negativity" persona to warn us of impending financial Armageddon. To the surprise of many, but not the few, the market recovery has been very similar to the eight previous recoveries since 1926.
We continue to stress short-term caution and would not currently chase over-believed themes, given investors' current excessive optimism as we enter the New Year. We believe the uptrend from the March 2009 lows will continue through 2010 to new recovery highs by late 2010 to early 2011, although the journey may appear very bumpy at times.
While not wanting to fight the tape, we believe it is prudent to raise our short-term stop-loss to 1080 on the S&P 500. A break below this level would force us to consider taking a more cautious portfolio stance.
This month's Age Curve Outlook includes:
- Who thinks 2009 was a really bad year? Not us!
- Do you want "Hot" stocks or "Duds" for the new decade.
- Do not miss today's "Generational Opportunity" in equities.
- Grains are our preferred commodity for the hot summer of 2010.
- China's family planning goes awry, by Nick Eberstadt.
- The Chinese freight train continues to rattle along . . . for now.
- We peek "Over the Hill" into 2010 for market surprises.
- Is market investor sentiment high or low?
- Our model Beacon Master Portfolio's outperformance continues, with a return of 79.0%, up from the 68.2% recorded last month.
Please enjoy the many other articles in this issue and, as always, if you have any questions please feel free to contact us at jamie@theagecurvereport.com. We would also like to wish all of our readers a very happy New Year for 2010.
Kind Regards,
The Team at Age Curve Report
