-- Housing data shows that recovery in the U.S. economy is for real and will drive stock markets further up.
-- Housing recovery will add 1 to 1.5 points to GDP growth next year.
-- Any extension of tax cuts and postponement of the fiscal cliff will drive a huge rally, maybe adding 500 points to the Dow.
-- Re-election of President Obama will not be a major negative for the market.
-- Predicts Dow to be above 17000 by end of next year. Low interest rates and recent recovery will drive multiple expansion driving the Dow up.
-- There is a potential five-year bull market ahead.
Here is the video: