Look at the futures market right now. Stock trader is so wrong it is stupid, as always. Tomorrow is going to be a blood bath for bulls.
I believe ST admitted he wasn't doing any trading/investing during 2000-2002. If all he has seen is 2003-2007, it's easy to understand why he'd believe it's as simple as buying every 5-7% drop, holding on through a little heat (occasionally) and expecting to make out like a bandit each time. It worked so well for almost 5 years...
Is the dip buyers and the falling knives specialists that allow the bears to short at such succulent fills. Welcome back Anek
If everybody resigned for being wrong in predictions, there would be nobody left on any forum. I wouldn't resign for being a perma-bull.
That's some deep, deep market history and perspective there, chief. You might want to try looking further back in history than a year or two.