New Column up at Real Money (12/8/04)



My latest column, "Does November 2004 Equal March 2003? " is up at RM. It expands upon earlier comments, November 2004 = March 2003?

Here are two graphics purporting to illustrate these parallels:
(doubleclick to expand the chart)

Nasdaq Weekly over 3 years


SPX Daily over 1 year



Ultimately, I am far less Bullish about prospects deep into 2005/06. For now, after some digestion, I maintain an upwards bias

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