1929, 1987, 2008. All years we would like to forget, especially 2008. What about 2009? Look for the markets to consolidate and base. Much of the year will be spent figuring out what the new administration is able to accomplish, or not. However, keep one thought in mind: There are boatloads of cash on the sidelines and when the time seems right this money should pour back into the markets, which could set off a long and protracted rally. Will this rally be the start of the next bull market? That's anyone's guess. Chances are it won't be a straight upward shot, but the trend should be positive. Much of our Current Portfolio has been beaten to a pulp and appears to be grossly oversold, so, this may be a good time to bottom fish and be ready to pull the trigger. But, have some patience.

We think the markets are headed higher, again, and sooner than all of those TV talking heads would have you believe. What industries will propel the next bull market? The leaders should be the biotech/medical and the high tech sectors. In fact, we feel so strongly about this that nearly 70% of our Current Newsletter Portfolio is evenly divided among these two groups. And, they seem to be at bargain basement prices, ranging between 50 cents and $3.00 a share. Two years from now, many people may be looking back and saying, "If only I had bought that when it was.......!"