update...

There just hasn't been much change in my outlook for the past few weeks. I continue to think the market will stay on a roll through the end of the year. This week has brought deflationary news a little faster and stronger than I thought (I was predicting beginning of December). However, It has further confirmed my long-term outlook that inflation will wither on the vine in 2007. I think the economy will have a soft enough landing to keep interest rates from dropping. Long-term (2008 and beyond) I think the inflationary pressure of 2.5 billion consumbers in developing India, China, and Asia will reassert themselves. I think gold will stay between $550 and $700, and oil will fall to $40 a barrel.