market wont collapse this year

No point in creating hysteria amongst the newbies in H/C with constant depressing subject headers proclaiming market collapses and depressions etc.

All this sub prime loan nonsense has been engineeered by the banks to co-incide with the cycle highs which were due in July and which occurred pretty much as predicted by a few posters here. There were so many signs it wasnt funny. Now I find it amazing how the puppet masters of this market were able to "arrange" an economic "event" at the same time as the charts were saying there would be a downturn. Brilliant stuff, theyve got better computers than I have at my disposal.

I am still strongly of the opinion that this is a temporary hiccup and that this year will be just as it has been in previous years ending in a 7, ie there will be a major shake-up before a continuing drive up to new highs. We may have to wait until October, maybe before, but what we have to consider in this bullish outlook is that it is not only China and India, but also Russia, that are coming out of moth-balls, and that is a lot of people who are building stuff and buying stuff which the Western economies are providing.Its not all just about the USA, even though thats what they like to think. So thats my fundamental anaysis.lol

From a charts perspective, the target on the DOW imo is 12,200,from the head and shoulders pattern. The breakout from the all time previous high in Jan '00 has been tested, so I see no need for it to go back and re-test that level.

Yes there will be some short term pain, but I think as investors we can ignore the media scare-mongering which only does one thing, sells newspapers.