As The Economy Heats Up, The Market Has A Head Of Steam For 2004
Oscar Wilde once said: "Success is a science. If you have the conditions, you get the result." In 2003, astonishing the naysayers, the conditions were ripe for stock market success -- and those for a continued good performance seem to be in place for 2004. The economy, which began stumbling toward recovery in 2003, should have a standout year and could lay the foundation for another strong year. Instead of the usual election-year policy gridlock, look for the Fed to nudge up rates and for the Administration to push a package of tax cuts aimed at boosting savings. Geopolitical crises, and Iraq, will still pose risks despite the capture of Saddam Hussein. But even if the bull continues to run, success in the year ahead will require more than just showing up.
Copyright 2003, by The McGraw-Hill Companies Inc. All rights reserved.
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