Wowsers, this is just getting to be one big joke isn't it. 30% more upside in the markets, whew, as if the jump in stocks from March 2008 lows wasn't enough bulls are still wanting even more. This is usual when it comes to bulls and foolish money managers who think stocks only go one way. Damn wallstreet needs a real fucking wake up call. 30% Upside in This 'Stealth Bull Market': Portfolio Manager Published: Thursday, 14 Oct 2010 | 1:22 PM ET By: JeeYeon Park CNBC News Associate Iâm bullish on the markets and this is a great time for investors to get in, said Mark Mulholland, portfolio manager at Matthews 25 Fund. He shared his top holdings now. âWeâre a multi-cap fund so weâre across the spectrum in a lot of different stocks,â Mulholland told CNBC. Mulholland said heâs been bullish since the market turned in March and called the current environment a âstealth bull market.â âPeople have been net sellers of stocks for 3.5 years,â he noted. âWe have a long way to go when the general population starts coming back into the market...this is a great wealth-building period.â Based on valuations, Mulholland said thereâs still a 30 percent upside to stocks. Mulhollandâs Top Holdings: Apple [AAPL 302.31 2.17 (+0.72%) ] Cabelaâs [CAB 19.01 0.21 (+1.12%) ] Polaris Industries [PII 67.31 -0.13 (-0.19%) ] Goldman Sachs [GS 151.59 -3.14 (-2.03%) ] Kansas City Southern [KSU 41.27 -0.23 (-0.55%) ]
What else is a stock mutual fund manager supposed to say? It's not like he can start shorting or move most of his money to gold...
You do realize when you price the market in gold instead of worthless dollars we are still sitting on the march 08 lows. You do realize that don't you? Technically the rally hasn't even started yet. Yeah, I think there is a lot of upside in this market to come. If you don't adjust for currency valuation your argument is pointless.
And i thought currency valuations are per se defined by purchasing power parity and the Big Mac Index...