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Is This the Start of a Bull Market? - Mike Swanson (05/17/08)

Submitted by Mike Swanson on Sat, 2008-05-17 14:04.

Hey we decided to do something a little different this weekend. Andy Emerson and I did a little video in which we discussed the stock market. I asked him one question - is this rally the start of a new bull market?


Andy and I have been trading together since the end of 1998. We share an office together and I used to co-manage a hedge fund with him. He still is running it. He writes about two articles a week for the WSW Power Investor Elite Service. Maybe in a future video I'll show you around the office.

Basically we both still believe we are in a bear market. The only thing right now that is still in a long-term bull market is commodities, especially oil and metals. Oil stocks are so overbought now I don't think they are good buys at the moment, but I still think gold stocks are. I think they are likely to consolidate for the next few months and then breakout towards the end of the summer.

I'll be talking to you later this week. I'm looking to do an interview with Dave Skarica of Addictedtoprofits.net since its time to start to think harder about gold stocks again. He just spoke at a mining conference in Saskacthewan. There are lots of things going on with uranium up there.

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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

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