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Jan. 23 (Bloomberg) -- Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Originally posted by SOUTH44
Seems like alot in my opinion. I'm in the Hydraulic / Pneumatic distribution
business which primarily focuses on Oil and Gas industry (halliburtons, caterpillar, etc) Food and Beverage
Industry, etc and it BOOMING. In addition to that everyone I talk to in my personal life
seems to be telling me the same thing. Companies are hiring and buying.... I don't know, I personally
thinks 2012 is going to be a good year. 2013-2014 is where I think the downturn will be. Our business tends
to "rock-n-roll" for 5-7 years and then we have a year like 2008 which sucked very bad, but always bounces back. I was talking to my boss who has been in this business for 60 years says this has been the routine since he's been doing. 5-7 years of record setting numbers, then 1 - 1 /2" years of not making crap and the bottom dropping out......but always rebounds. I don't know.