I couldn't agree more. I've been a bear since April but in august I changed directions. I'm sure glad I did. $$$$$ is what it's all about.
The drop very well may happen but the s&p will probably make it to 1400-1425 before anything could possibly happen. Regardless I'm in excellent shape right now. All my positions with the exception of 1 stock are playing on the house's money right now.
Quote From: S2007S, I DIDNT SAY IT WAS GOING TO HAPPEN. This happened in 2000, i showed you historical closing prices on the DOW to see how quick the all time high came and went within 27 TRADING DAYS. ________________________________ Understood, however, it's your odd & unwavering loyalty to bears that is troubling. Your time may arrive, quicker than you think, but for now, a glorious spectacle is in full swing, admire the grandiosity of the bulls stampede & their steadfast resolve. I'am fully aware that bears can be very mighty when they push down, but until then, the bulls are calling the shots.
Hey all - since I haven't posted in forever - why not make a prediction for where I see this trend ending ... and the beginning of the bear market.... ....12085 and it will occur in the next 10-15 trading days.