As 2002 is at our doorstep I am writing to share our views on the global markets for securities and currencies in the coming year.
2001 saw a major climactic market decline, which culminated in a widespread market panic following the tragic events of September 11. The climactic sell off that ensued set the stage for a market rally, which continues at this writing.
This market rally can be characterized by bounces in badly battered technology stocks, and by a continuing rally in quality low P/E growth stocks that had been ignored in the technology bubble of 1999 and early 2000.
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