Brilliant post, HotDog. You're on my favourites now!You mention...

Brilliant post, HotDog. You're on my favourites now!

You mention so many of the things that I also apply in my trading.

I agree we may not make new highs for a few years. But I don't think we'll be back down this low again ever. The T/A people keep talking about a "retest", as if there is some law of the universe that requires the stock market to always touch the low point exactly twice.

Every market is different. The fundamentals are very different from previous crashes at the moment. More than any previous crash, this one is purely due to a crisis in confidence. Once confidence is restored, the market will come back quickly, and will not re-test the bottom.

In the current climate, I think a "repositioning" strategy is wise. Be well-positioned to benefit from the next few months. Like you HotDog, I think this comes down to understanding where individual companies are likely to go.

Cheers.

BB