Wells Asset Management
Current Stock Market Outlook:
Long Term: Productivity is Excellent
Medium Term: Stage II - Explosive Money - Making
Short Term: As always, Unknowable
Making a Winner's Game Even More of a Winner's Game
Due to ever increasing Productivity, the stock market is a winner's game, and the outlook for Productivity has never been brighter.
Due to Fear, Greed and Human Nature, the stock market's valuation (multiple) transgresses from extreme lows to extreme highs and back again. This is a 20-30 year Mega-Cycle; the long-term stock market is a series of linked Mega-Cycles. We believe the long Up-leg of a new Mega-Cycle began on March 9, 2009.