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|Subject: Re: Wht Say You All Here....||Date: 7/17/2013 1:29 PM|
|Author: FCorelli||Number: 72636 of 74001|
I don't usually comment on this kind of thing but I've been going back an forth with exactly your question myself and I have my own ideas.
I am not the Market Maven joelxwill is but I do tend in his direction with regards to general market behavior.
This is an educated hunch.
We are due for a retrenchment. Things have been up for a long time and looking a little "Toppy". Not sure how big any retrenchment would be but I do believe we have seen the generational low in this market cycle. That would have been 2008/early 2009. Anybody really think we'll flounce 60% again? I just don't see it. If you see that what are your reasons? Besides just repeating "bubble...bubble...bubble..."
Looking at the last 2 generational bears, 1929-1942, the low point was 1933. 1966-1982, the low was 1974. But things in general sucked for a longer period time. I don't have all the charts going back to 1870 but my guess is things followed a similar pattern in the old boom and bust days.
Anybody who wants to bust my tussy and pish-posh about timing, charts, "cycles" and such feel free. I might answer or I might not. I'm just calling it like I see it.
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