Avg gain in the 2 years of election cycle since 1960 is 44%..which could take the SP to 1180 - 1200 in 2004.
One caveat: The last time you had strong stocks, strong gold, a falling dollar, and a rising rate env. was 1987.
The 2 year gain into 1988 was a measly 6%.
either way 04 will be...