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Dave said: Everyone is betting they can get out closer to the top than the next guy.

What happens if suddenly people get out? And then more people get out?

The wall of worry.


Yeah, I get that. When I said (in jest) that the market will drop 5% sooner than it will drop 25%...I meant to convey that predicting a large drop in the market, without a fairly specific date isn't too useful. You can predict a large drop every week, every month, etc and be very wrong for a long time, then when the big drop happens (and it will eventually) declare how right you are. Without a time component, it is a silly prediction, IMHO.

Mike
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