thurs spi, page-76

Profess

Sounds like you think the market will never be able to go down.

Like most economists, many can only extend the current trend and fail to see any adverse results.

Markets will retrace and the cause is seen after the event.

That is the problem with fundamental analysis.

This market is way beyond its standard move and it will correct and hard.

My expectation for a low is around year 2013 so that allows all sorts or gyrations.

I would be surprised if we didn't see the best part of a 50% correction from what ever high we make.

Yeh, 3,000 pts seems a lot but 30% to 50% is pretty normal in the grand scheme of things.