xjo weekend zoomba lounge, page-68

Martis while I agree we are range bound within a very large channel and have been since 2000 and will be until 2015 give or take 1-2yrs I completely disagree with the second leg down part of your thesis that takes us to apocalyptic lows

I don't think Markets can really make new highs and so will be cautious the closer we get towards those highs

But I also don't think markets can go too far below the 09 lows no matter what happens as there is far too much money be it debt or actual cash but just money in the system for that to occur

When the money supply increases over the long term assets such as stocks and property increase in value as its a very simple formula of more money going after limited assets