I think the 20th anniversary will be celebrated in style with a minor plunge.
!997 did and with the 30 month cycle working in there it seems a given.
With markets extended and getting more jittery by the day there will be many itchy trigger fingers.
There are many reasons for October lows in the US and it has helped that last year wasn't one. That removes some of the inevitability and removes too much bearishness from the little guys.
IMO it will be either a low after a slow decline but more likely a plunge after a 3rd quarter rally.
Greenspan may not understand it but as in '87 when frenzy feeds on frenzy then his excessive exuberance mantra explains it all.
Never in the history of markets has there been such little volatility and a complacency like now.
Ratbagger has it nailed. It is all too easy and life wasn't meant to be such. Ask Big Mal.
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