After the market's nearly 60% surge in 2009, what's in store for 2010? Keep in mind that 2009 was dominated by government interference, and expect more of the same in 2010, but, in the near future, not all of the new Fed and Treasury actions will be embraced as warmly. So, anticipate many wild swings. The upsides will be exciting and the downsides will be downright scary. This looks to be the year when the markets just may need to heed the fundamentals, again, unlike in 2009 when the averages were drunk from government stimulus and the technicals became the new fundamentals. The markets will need to pay more attention to economic data and top-line growth, which they pretty much ignored in 2009. Statistics like jobless rates, mortgage defaults, and tepid consumer confidence will get closer attention. Oh, and let's not assume that the Fed will keep rates at zero forever! So, 2010 may be when markets start behaving like markets, once again. Expect major sell-offs on bad economic news and huge rallies on positive news, with the later fueled by the truck loads of cash still sitting on the sidelines.

Long-term, think bull market; with the market leaders still being in the biotech/medical and high tech sectors. In fact, we feel so strongly about this that almost 70% of our Current Newsletter Portfolio is nearly evenly divided between these two groups. And, many of our picks seem to be at bargain basement prices, ranging from 50 cents to $3.00 a share. Two years from now, many people may be looking back on the present turmoil and say, "If only I had bought that when it was..........!"