Johnny it's good to see a few more balanced rational views out there
The truth is if these guys could accurately predict the future with charts they'd be Billionaires buying yatchs islands and trophy wives as opposed to being here on Hotcopper non stop
To me it's simple for the last 100yrs-120yrs since the US Dow Index was created it has moved in very broad long term 10-15-20yr up moves followed by 10-15-20yr sideways consolidation moves
1980-2000 saw the 20yr up move so logic dictates we are in the 20yr sideways move. it's no coincidence to me that the lows the US made after the dot com bust of 7,000ish (give or take) in 2002 were roughly the lows made in the GFC in 2009 although the S&P shows this channel much better
I think we will continue to stay in this Long Term Channel until at least 2015-2020 but there has and will be fortunes to be made and lost as we move from the bottom to the top and back to the bottom of the channel
This has happened for the last 100yrs plus but maybe this time it's different? Now where have I heard that before
