solid first half, page-12

Hi MikeMennell.

Thanks for your reply... Now get to bed! (Lol.)

I'm not too sure how you are reading the market at the moment but it's not clear what direction it is going to take in the short term. I've seen a few disappointing results which indicate to me that the economy isn't travelling all that well. (Surprise, surprise.)

Although, according to my limited TA, I can see that after the next downward leg that we might be in for a very bullish run.

My general feeling is that we should see the US economy running well up to the US election but then it will falter (along with Europe)... Perhaps causing the market to double dip. But from there, 2014/2015 will be good years again (meaning the end of 2012 and/or 2013 might be good times for shares given that they are generally forward priced).

I guess as always, time will tell.

Anyway, take care.