7-10 years. Fed and government have pumped the entire economy up with cash and propped up nearly every failing company that should have failed, that's why we have this rally that everyone believes to be the new bull market. New highs on the indexes will take years. Look at the NDX 100 even during the last bull market we had, it never came close to new highs, the s&p is years and yearssss away.
Just out of curiosity, what companies are you referring to when you say "Fed and government have pumped the entire economy up with cash and propped up nearly every failing company that should have failed", what companies are you referring to?
You've been wrong the whole rally. Why should we believe anything you say? Just a bunch of wanna be shoe scrapings here.
What companies: GM AIG $170 BILLION ALONE!!!!! FRE FNM BSC Chrysler and every damn financial company. IF they had not bailed out AIG the system alone would have collapsed. HOW many damn programs did they create like the TALF and TARP... Aside from that how much did they pump into the financials through the TARP created program??? How much commercial paper did they buy and what about the billions of dollars worth of debt and mortgage backed securities they purchased? Also take notice how the financials are paying back TARP, everyone knows if the markets were still off 30% for the year that every bank and broker would still be sitting on TARP money, propping the markets up 40% in 2 months has helped every bank and broker raise money through stock offerings to pay off TARP money, HMMMMMM The money being pumped into the economy will only last so long, without job growth GDP is going to stall, creating the longest "L" shaped economic recovery in history.
7-3-6-4-1. The market makes all-time highs during the second half of the decade. 2007 "conformed" to that. We will have to wait until atleast 2015 at the earliest. Let's compare notes then.