The S&P 500’s performance for the month of November 2023 was one of the best single month performances for stocks in the last 30 years. Stocks finished the month up 9.5%, a truly incredible return.
The big question is “what’s next for the markets?”
The answer is “rotation.”
Tech led the rally as Big Tech blasted higher throughout November while much of the rest of the market lagged behind. We are now seeing capital flowing into some of of the laggards, specifically small caps.
The ratio between the NASDAQ and the Russell 2000 has been in a downtrend for most of 2023 as Tech stocks outperform small caps. We are now seeing a break of this downtrend to the upside as small caps finally catch a bid and Tech consolidates
This rotation is allowing overall breadth to improve as non-Tech stocks catch up to Tech leaders. You can see this clearly in the chart below in which breadth (red line) is catching up to the Tech sector (XLK).
After this rotation/ catch up is finished, stocks go to new all time highs. The Cup and Handle formation in the long-term chart for the S&P 500 is clear.
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The S&P 500 is consolidating after one of its best monthly performances in the last 30 years.
Thus far in November, the S&P 500 is up 8.5%. If the month ended today, it would be one of the top 10 monthly returns for the S&P 500 in the last 30 years. We rode this rally the entire way up, having told our clients to buy stocks aggressively when the S&P 500 was down at 4,200. Suffice to say, they’re quite happy.
And their #1 question today is: so what’s next for stocks?
The S&P 500 is quite overextended, having rallied to a level that is 4% above its 50-day moving average (DMA). Throughout the last 12 months, an extension of this magnitude above the 50-DMA has marked a temporary top for stocks.
The big question now is if stocks correct… or if they simply consolidate here, thereby allowing the 50-DMA to catch up to price, before the market make its next push higher.
Thus far the market is opting for #2: consolidating.
The S&P 500 has traded within a 20 point range since November 22nd. The key issue here as far as I’m concerned is that the bears have failed to push stocks down in any significant way, even though there was very low trading volume due to the Thanksgiving holiday.
Think of it this way… stocks are finalizing one of their most aggressive single month rallies in 30 years, and the bears can’t even generate enough selling pressure to push the S&P 500 down 1%.
This suggests that the next move for stocks will be up once this consolidation is over. And given that the market is less than 5% from its all-time highs, I believe we’ll see the S&P 500 hit NEW all-time highs some time in the first quarter of 2025, likely before February 1st, 2024.
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It is widely believed that you cannot time the market. This is a myth. You can time the market, but it takes a lot of work and knowledge.
Case in point, as I outlined in yesterday’s article, I accurately called for the S&P 500 to run to 4,600 back on November 2, 2023 when the market was still just at 4,200.
The S&P 500 hit a high an intraday high of 4,557 yesterday. Modesty aside, this was an incredible call, made within a few days of the market hitting its absolute lows before the rally.
This wasn’t luck either.
Prior to this call, I had been warning clients for weeks that stocks would break down to the 4,100s on the S&P 500 and that this would be a MAJOR buying opportunity. Heck, the literal title to a research note to private clients on October 5th was “Bonds Stabilize… But I Expect a Final Flush for Stocks.”
What happened next is illustrated in the chart chart. Again, I called for the S&P 500 to drop to the 4,100s weeks in advance, then predicted the S&P 500 would run to 4,600 weeks within days of the market bottom in late October.
So my point remains the same: you CAN time the market, but it takes a lot of work and knowledge.
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It’s catching everyone by surprise. And smart investors should read this article carefully to make sure they don’t miss out…
It’s a bull market in economic BS.
Before proceeding I want to stress that this is not a left vs right issue, nor is it Democrat vs Republican.
It’s reality vs. total fantasy.
The total fantasy is the notion that the economy is doing well right now. And one of the prime examples is the latest jobs numbers which claim the U.S. economy added 500,000+ jobs last month (January 2023).
The jobs report argues that the U.S. economy added 517,000 jobs in January. It arrived at this number courtesy of the household survey which argued that 894,000 jobs were added last month.
The Bureau of Labor Statistics (BLS) then admits in the very next column that 810,000 of these jobs were added via its “Population Control Effect” AKA an accounting gimmick, NOT reality.
Remove that gimmick and the U.S. added 84,000 jobs last month.
If you don’t believe me, here’s the table from the BLS stating this reality.
How is this possible? How can the BLS add so many fake jobs to its official numbers? Simple:
1) Only 44% of those given surveys actually answer them.
2) The Bureau of Labor Statistics applies numerous gimmicks to the data in an attempt to normalize things. Perhaps this is due to political pressure, or perhaps they are incompetent. Whatever the reason, the data is a work of fiction and has a tenuous connection to reality at best.
Some of the gimmicks the BLS applied to the January jobs data.
Its seasonal adjustments added over two million people to the non-farm payrolls number for the economy in both January 2022 and January 2023. Without these adjustments, only 152 million are working, as opposed to the 155 million the official number claimed.
Similarly, the household survey was adjusted to add over 1 million people to the “employed” category. So, in December of 2022, these one million people were NOT counted as employed. In January 2023 they were, NOT because they obtained jobs, but because the BLS’ model tweaked the number higher.
Things get even wackier from there.
Part-time employment supposedly jumped by 627,000 in January 2023… despite the clear historical trend that part employment should DROP after the holidays.
The BLS also claims that only 5,000 tech workers lost their jobs in January. The real number of tech workers who lost jobs is 85,000.
Bottomline: remove all of the gimmicks and tricks, and the real economy only added 84,000 jobs last month, which is the weakest job growth in TWO YEARS.
So how was the “official” number presented to the public so positive?
The BLS updated its methodology based on new estimates from the census. Doing this meant applying its model to a MUCH LARGER number, which generated MUCH LARGER job creation.
Don’t believe me? The BLS lays it all out in clear language here. Note the words “updated, estimates, and assumption” are featured heavily here.
So again, the economy is NOT booming. What’s booming is the amount of BS the government bean-counters apply to the economic data. I fully expect much of this to be revised down in the coming months.
But what’s truly frightening?
Investors are actually BUYING STOCKS based on this stuff!
If you’ve yet to take steps to prepare for what’s coming, we just published a new exclusive special report How to Invest During This Bear Market.
It details the #1 investment to own during the bear market as well as how to invest to potentially generate life changing wealth when it ends.
Stocks look to have formed a short-term peak last week.
Ever since this bear market began, the S&P 500 has followed certain dynamics. One of them is that it usually peaks around the same levels above its 50- and 200-day moving averages (DMAs).
Specifically, anytime the S&P 500 gets 5% above its 50-DMA and 3% above its 200-DMA, it usually tops out and rolls over. I’ve illustrated this dynamic with red horizontal lines in the chart below. And as you can see, this dynamic was at work during the recent stock market action as well: the S&P 500 rallied right to those levels and then rolled over.
So where do stocks go from here?
Well, the chart suggests they won’t stop the coming leg down until they are 8% below their 50-DMA and 10%-12% below their 200-DMA. That is where stocks have “bottomed” during the down legs of this bear market thus far.
I’ve illustrated those levels with red horizontal lines in the chart below.
Bear in mind, these kinds of moves can take weeks if not months to play out, so don’t expect a crash here and now. I’m simply sharing these charts with you to give you some idea of the underlying dynamics of this bear market, and where things are likely headed in the weeks to come.
If you’ve yet to take steps to prepare for what’s coming, we just published a new exclusive special report How to Invest During This Bear Market.
It details the #1 investment to own during the bear market as well as how to invest to potentially generate life changing wealth when it ends.
Unbeknownst to most U.S. investors, a single family has been behind many of the largest natural resource discoveries and natural resource deals of the last 45 years.
Since 1976, they’ve discovered the largest natural gas field in the world, oil fields that have generated more than 300 million barrels of oil, and several of the world’s largest gold deposits.
They all became billionaires in the process.
Today, this family controls 12 companies located in the U.S., France, Russia, China, and more. Every year they produce more than a billion dollars’ worth of oil, gold, uranium, nickel, and diamonds. Their name is the Lundins. And just like the Rockefeller or Carnegie empires, their fortunes began with a single self-made man: Swedish patriarch, Adolf Lundin.
If you’ve never heard of Adolf Lundin, it’s not surprising. The self-made Swedish billionaire invested primarily in natural resource companies outside of the U.S. Because of this, his name is rarely known outside of natural resource investing circles.
However, to anyone involved in natural resources investing, Adolf Lundin is something of a god. Between 1976 and 1999, Adolf Lundin made four of the largest natural resource discoveries in history. In 1976, he discovered the North Gas field offshore of Qatar: then the largest natural gas field in the world.
This alone would cement the name Lundin in the pantheon of great resource discoverers.
However, Adolf’s success was only beginning. In 1998, he discovered both the En Naga oil field (a 100-million-barrel discovery in Libya) and Block PM-3 (a 144-million-barrel discovery offshore of Malaysia). The following year, at age 67, he discovered the Thar Jath oil field: a 150-million barrel discovery in Sudan.
These discoveries made Adolf famous. But it was his ability as a dealmaker that made him rich. The natural resources industry is typically split between two groups: the financiers and the geologist/ explorers.
Adolf Lundin was both.
He built up Lundin Oil and sold it in 2001 for $480 million. Musto Exploration, a gold company he owned shares in, was sold to Rio Aglom for $500 million. And another gold company, Argentina Gold, went to Homestake for $300 million. By the time he retired from exploring, Adolf was a billionaire. And he’d made many investors fortunes as well.
It sounds almost too simple, but anyone who bought shares in Lundin’s companies and held long-term would have made a fortune. Investing in natural resource companies, more than any other sector, is about putting your money with the right people.
On the one hand, you need expert geologists and wildcatters capable of discovering major finds. But you also need knowledgeable financiers who can put together the capital to start production or arrange a buy-out. Since Adolf Lundin was talented at both, his involvement in a company almost always resulted in large profits.
Adolf passed in September 2006. Today, the Lundin Group is run by two of his sons, Lukas and Ian. Both were brought into the family business at a very early age: by the time they were ten, it was decided that Lukas would manage the company’s minerals business segment while Ian would handle the oil segment.
I recently told subscribers of my Private Wealth Advisory newsletter about an “off the radar” Lundin project that 99% of investors don’t know about. It’s a small company that owns the rights to 5km of land in one of the richest environments for natural resources in the world.
The company has released the initial results of its drilling program in January of 2022… and they are astounding… as Lukas Lundin puts it… the potential of this project is “unparalleled” to anything he’s seen in his 40+ year career.
That’s quite a statement from a man who has literally made BILLIONS of dollars investing in natural resources.
Private Wealth Advisory subscribers just began building a position in this company yesterday. Already they’re up. And I fully expect them to see triple digit returns from this company when it’s all said and done.
To find out what it is, all you NEED to do is take out a trial subscription to Private Wealth Advisory.
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Pop quiz… what is the single best performing stock market sector of 2022?
If you guessed tech or Bitcoin, you’re incorrect. It’s actually energy. And it’s not even close.
Energy stocks are destroying EVERYTHING, including cryptocurrencies. Forget bitcoin, have you thought about profiting from oil?
Even more incredible is the fact that this isn’t a NEW development: the energy sector was the top performing stock market sector of 2021 as well! So it’s crushing everything else for well over 15 months!
Despite this incredible performance, the energy sector remains one of the least popular areas of investment on the planet. It’s actually the cheapest sector in the S&P 500 on a Price to Earnings (P/E) basis. And it is also the smallest sector by weight in the entire market: a mere 2.3%.
So you’ve got an incredibly cheap sector that’s unloved by the institutional crowd and that is outperforming every other sector in the market.
Sounds like a recipe for life-changing wealth to me!
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Pop quiz time… what is the single best investment
opportunity on the planet right now?
Bitcoin? Penny stocks? Tech?
Try Energy.
The “left for dead” sector is absolutely on fire right
now.
The top performing sector in the markets is Energy. Heck,
it’s not even close! Energy stocks are up some 50%. The next best sector is
Financials which are at 30%
If you think that’s crazy, consider that oil prices are
up an incredible 60% year to date (black line in the chart below). Not only is
this FOUR TIMES the performance of the stock market (red line in the chart
below)… but oil is only slightly behind BITCOIN, a crypto currency
renowned for its insane price moves, by about 10%!!!
And best of all… this massive bull market is only just
beginning. Oil has only just broken out of a 12-year downtrend.
With the right investments, we are talking about the opportunity to make literal fortunes from this massive secular shift.
We’ll be covering this incredible opportunity in the coming days and weeks… how best to profit from it, what are the unique plays that Wall Street has yet to find… and more.
You won’t want to miss this!
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If you want to get your head around the ultimate outcome of the 2020 Presidential election, you should ignore the media, experts, pundits, and focus on one thing.
The energy sector.
Unlike the pundits, experts and shills in the media, energy investors LOSE money if they’re wrong. They have “skin in the game” so to speak. And because of the distinct differences between the Biden and Trump campaign’s views on oil, the energy sector is an incredible barometer for how things are going with the election.
From a 20,000-foot perspective, this Presidential election is about globalism vs. nationalism.
Globalism, as represented by the Biden campaign, represents the dominant economic trend of the last 40 years. Its key features involve:
1) The outsourcing of Americans jobs to cheaper, international labor markets.
2) The U.S. relying extensively on other nations for its energy, commodity, and other needs.
3) The U.S. as one of several key nations that set global policy via international bodies (the U.N. the G-7, etc.).
By way of contrast, Nationalism, as represented by the Trump administration, represents a complete refutation of Globalism. Its key features involve:
1) That the domestic production of resources deemed critical to the U.S. economy is a matter of national security.
2) That outsourcing weakens the U.S. economy from a strategic perspective as it shifts its industrial and manufacturing supply chains to other nations.
3) That the U.S. is THE dominant force in the world and as such can set global policy regardless of what other nations desire.
In far simpler words, a Biden win would be BAD for oil production in the U.S., while a Trump win would be GOOD for oil production in the U.S..
With that in mind, take a look at this chart.
Going into election night, the energy sector was in a decided downtrend (blue line) as it looked like Biden would be the presumed winner. However, on election day this trend began to end with energy stocks actually breaking out of this downtrend briefly (red circle).
This suggested that in point of fact, President Trump would potentially pull another historic upset.
We all know what has since happened: the media has declared Biden the winner despite a number of voting irregularities surfacing (and that’s putting it mildly). The media has made it clear that it believes Biden won.
But what is the energy sector telling us?
Energy stocks are up 15% since election night. That is an incredible move. And if you find that surprising, consider the following.
The energy sector is top performing sector since election night.
I don’t know about you, but it sure seems as if energy investors are predicting a Trump win. Nowhere in Joe Biden’s campaign platform does he advocate for the increased production of oil in the U.S.. In fact, on his website he actually endorses the Green New Deal, which advocates for the U.S. completely moving off of fossil fuels!
With that in mind, what do you think energy stocks are telling us today?
Stocks dropped to the lower level of support (green line in the chart below) I pointed out in yesterday’s missive. They then bounce hard in the intraday session, closing near the highs of the day.
We now have the beginnings of a bullish falling wedge formation (blue lines in the chart below). We should see a move higher to 3,350 or so, before the final drop to perhaps 3,200.
Something like this:
This conforms with my roadmap for the remainder of September: a sideways/ chop fest that favors the downside, before stocks begin their next major leg up in October.
Something like this:
Indeed, anything in this box is a BUY WITH BOTH HANDS for the long-term (not a day trade). We’ll likely be there in the next two weeks.
If you’re looking for this kind of precise guidance on how to trade the markets, I strongly urge you to join our FREE daily e-letter, Gains Pains & Capital. You’ll immediately start receiving our market missives delivered to your inbox every morning.
This means they’ve taken out their first level of support (top blue line) and will now test secondary support (lower blue line).
This is not without precedent and honestly, those calling for a crash here are getting carried away. The reality is that stocks were EXTREMELY overbought going into this correction.
Look how stretched the S&P 500 was from its 50-day moving average during this recent rally (purple circle) relative to recent tops (red circles).
It is HIGHLY unusual for the market to be this stretched and NOT stage a significant correction. Again, this was 100% to be expected and if you were watching for this in advance, you likely already locked in a number of solid gains from this move.
So, what is likely to play out here?
Stocks make a new low this week, before preparing for the next leg up. Something like this:
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This means they’ve taken out their first level of support (top blue line) and will now test secondary support (lower blue line).
This is not without precedent and honestly, those calling for a crash here are getting carried away. The reality is that stocks were EXTREMELY overbought going into this correction.
Look how stretched the S&P 500 was from its 50-day moving average during this recent rally (purple circle) relative to recent tops (red circles).
It is HIGHLY unusual for the market to be this stretched and NOT stage a significant correction. Again, this was 100% to be expected and if you were watching for this in advance, you likely already locked in a number of solid gains from this move.
So, what is likely to play out here?
Stocks make a new low this week, before preparing for the next leg up. Something like this:
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Stocks began to bounce yesterday. The question now is if this bounce has legs or if it’s just a blip in a new downtrend.
Both the S&P 500 and the NASDAQ have broken the downward channels (blue lines) established by the recent correction. However, thus far only the S&P 500 has broken above resistance (red line). So, this is something of a tossup.
The above chart tells us that there was little if any real organic buying yesterday. If real buyers had stepped in, tech stocks should have taken out resistance with little issue. The fact they didn’t tell us that day traders came in and then were forced to unload their longs before the session ended, hence why the NASDAQ put in those two weak candles in the last half of the session.
Based on this alone, we need to see some follow through to the upside today to issue an “all clear” for a significant bounce. Again, I’d not pile into stocks just yet.
Having said that, there are some interesting developments in gold.
Gold has held up remarkably well while stocks plunged 10% in just three days. Normally you’d expect to see gold be liquidated. Instead, it’s actually fallen LESS than stocks!
The chart shows a clear formation with support holding multiple times.
This suggests pressure is building to the upside. Gold may be ready for its next leg up.
On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph
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Stocks began to bounce yesterday. The question now is if this bounce has legs or if it’s just a blip in a new downtrend.
Both the S&P 500 and the NASDAQ have broken the downward channels (blue lines) established by the recent correction. However, thus far only the S&P 500 has broken above resistance (red line). So, this is something of a tossup.
The above chart tells us that there was little if any real organic buying yesterday. If real buyers had stepped in, tech stocks should have taken out resistance with little issue. The fact they didn’t tell us that day traders came in and then were forced to unload their longs before the session ended, hence why the NASDAQ put in those two weak candles in the last half of the session.
Based on this alone, we need to see some follow through to the upside today to issue an “all clear” for a significant bounce. Again, I’d not pile into stocks just yet.
Having said that, there are some interesting developments in gold.
Gold has held up remarkably well while stocks plunged 10% in just three days. Normally you’d expect to see gold be liquidated. Instead, it’s actually fallen LESS than stocks!
The chart shows a clear formation with support holding multiple times.
This suggests pressure is building to the upside. Gold may be ready for its next leg up.
On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.
We have made 100 copies available to the general public.
The single most important thing to do today is “watch and wait.”
Stocks got slammed yesterday. For all of the carnage, the S&P 500 held its bull market trendline. If the TOP is indeed in as many are claiming, we should take this line out shortly. Something to watch before panicking.
The NASDAQ, despite an absolute bloodbath, didn’t even get to its trendline. Again, for all the screaming that THE TOP is in and stocks are entering a bear market, we’ve not even taken out the clear and obvious bull channel of the last four months. Let’s take a deep breath and watch to see what happens before we panic and dump our holdings.
Outside of stocks, precious metals also held support.
Gold is forming a clear triangle consolidation pattern. The fact the precious metal didn’t collapse more yesterday is a very positive sign.
Silver, which is a much more volatile metal also held support. Here again we need to wait and watch. If the markets are indeed entering a “risk off” environment, silver should take out support with little difficulty.
These are four charts I’m watching today. Rather than trying to predict the future, I’m letting the market tell me what’s what. I suggest you do the same.
As usual the financial media is looking for a reason for this move. The reason is that stocks had been consolidating for more than two weeks. Lengthy consolidations like this typically resolve themselves in explosive moves.
Indeed, as I noted last week, stocks had previously performed two periods of consolidation since the market bottomed March 23rd 2020 (red squares in the chart below). As you can see, each one resolved in an explosive move higher. This third one is no different.
The latest breakout has stock rising to challenge the 61.8% retracement of the March meltdown (roughly the 2,930s).
What happens here is key.
Historically, if stocks are able to break above the 61.8% retracement and stay there, then the rally is no longer considered a bear market bounce but is instead the beginning of a new bull market.
This is the line everyone is watching today.
If stocks can break above this level and hold it, then it will trigger a major flow of new capital into the markets as traders and institutions take this to indicate this is the start of a new bull market.
If you’re sick of narratives and want to focus on how to actually make money from the markets, join our FREE e-letter Gains Pains & Capital.
As usual the financial media is looking for a reason for this move. The reason is that stocks had been consolidating for more than two weeks. Lengthy consolidations like this typically resolve themselves in explosive moves.
Indeed, as I noted last week, stocks had previously performed two periods of consolidation since the market bottomed March 23rd 2020 (red squares in the chart below). As you can see, each one resolved in an explosive move higher. This third one is no different.
The latest breakout has stock rising to challenge the 61.8% retracement of the March meltdown (roughly the 2,930s).
What happens here is key.
Historically, if stocks are able to break above the 61.8% retracement and stay there, then the rally is no longer considered a bear market bounce but is instead the beginning of a new bull market.
This is the line everyone is watching today.
If stocks can break above this level and hold it, then it will trigger a major flow of new capital into the markets as traders and institutions take this to indicate this is the start of a new bull market.
If you’re sick of narratives and want to focus on how to actually make money from the markets, join our FREE e-letter Gains Pains & Capital.
As usual the financial media is looking for a reason for this move. The reason is that stocks had been consolidating for more than two weeks. Lengthy consolidations like this typically resolve themselves in explosive moves.
Indeed, as I noted last week, stocks had previously performed two periods of consolidation since the market bottomed March 23rd 2020 (red squares in the chart below). As you can see, each one resolved in an explosive move higher. This third one is no different.
The latest breakout has stock rising to challenge the 61.8% retracement of the March meltdown (roughly the 2,930s).
What happens here is key.
Historically, if stocks are able to break above the 61.8% retracement and stay there, then the rally is no longer considered a bear market bounce but is instead the beginning of a new bull market.
This is the line everyone is watching today.
If stocks can break above this level and hold it, then it will trigger a major flow of new capital into the markets as traders and institutions take this to indicate this is the start of a new bull market.
If you’re sick of narratives and want to focus on how to actually make money from the markets, join our FREE e-letter Gains Pains & Capital.
The S&P 500 have been chopping just below overhead resistance (red line in the chart below) for two weeks now.
The significance of this level cannot be overstated. This line ALSO represents the 61.8% Fibonacci retracement of the market decline in March.
It is widely believed that a break above the 61.8% retracement line indicates stocks are in a NEW bull market, not a bear market bounce. Again, the significance of this level cannot be overstated.
One chart that has caught my attention is the monthly chart for long-term treasury ETF (TLT). This chart appears to be indicating a major “risk on” move is coming in the financial system. IF TLT breaks below that red line it could ignite a major bull run in stocks to new highs.
Interestingly, a big breakdown in bonds would indicate a sharp rise in inflation.
Gold is saying something similar: we’ve had breakouts in every major currency. This too says big inflation is coming.
On that note, we just published a
Special Investment Report concerning FIVE secret investments you can use to
make inflation pay you as it rips through the financial
system in the months ahead.
The report is titled Survive
the Inflationary Storm. And it explains in very simply terms how to
make inflation PAY YOU.
We are making just 100 copies
available to the public.
However, given how negative the news was that day, it is quite telling that the collapse was relatively muted.
The S&P 500 did break initial support (first blue line) but managed to hold secondary support (second blue line). Given that Dr. Fauci of the NIH suggested a national “stay at home” order on Friday, you’d expect a bigger breakdown here.
The other positive development concerns the Volatility Index or VIX.
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Typically, the VIX rallies when stocks breakdown… which is why it’s odd that the VIX FELL on Friday despite stocks dropping.
What’s even more strange is the VIX actually peaked March 19th and has been in a downtrend ever since. The VIX is a much more complicated investment instrument than the stock market. Is the VIX telling us that the bottom is in?
On that note, if you’re worried about weathering a potential market crash, we’ve reopened our Stock Market Crash Survival Guide to the general public.
Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).
To pick up your copy of this report, FREE, swing by:
