I agree with the possibilty of a big fall....i mentioned the other day that the 87 high represents a 161.8% retrace of the 02-07 bull market. Lets face it....what can really make the markets rise atm with any continuity ?? We have no more subprime funds, no real estate boom, no more bubbles to be had and certainly no organic growth.....just a lot of debt and a lot of dinasaurs ready to become extinct. (think GM)
......but let us not get carried away with new currencies and dictatorships just yet....however i will say this : the one thing that could cause a really decent bull market for a couple of years would be if we were coing off a ridiculously low base...like 87 levels....just like the 500% 1932-1937 bull market..... that way we could rally all the way back from 87 levels to current levels over a couple of years. we would be up 300% and the DOW would still only be 8000 and something.
other than that...we got nuthin'
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