MISUNDERESTIMATIONS

The Stock markets at new highs around the world and people keep wondering why? Clearly things are not as bad as the papers or TV news might suggest (both have declining subscribers and viewers). People clearly have the wrong perception of China and today we hear the correction in real estate is over! Nice...it only lasted two months.

Now that tax loss selling is largely over and year end mark ups are taking place, while the hedge fund boys are skiing and flying around...we will see what this market is made of in the first two weeks of the new year.

There are trillions of dollars sitting in cash all over the world.... if the market does not correct it will be forced to work early into 2007 if there is no correction....so the forecast is a big move either way in early January...

Danny Boy seen here heard that a recent survey found that 85% of pet owners call their dogs members of the family...imagine that:)