Quote from Nine_Ender:
Buddy, you are so out of touch with the fundamentals !!!
WHAT BEAR MARKET ???? The Bear Market ended March 2009.
If you are unclear please note the level of all major markets then and now.
You want facts how about the major Canadian banks. They all made a cool BILLION dollars profit this QUARTER !!! That's not funny money that is real money that adds EQUITY for their shareholders. Meanwhile, Potash is being valued as a takover target at a minimum of $39 BILLION dollars !!! Their suiter has approx. $180 BILLION value btw, so they can afford it, and they are making large profits every single quarter. ONE MIGHT ASK WHY YOU IGNORE THESE ECONOMIC REALITIES.
The one thing you have right is there is a ton of retail money on the sideline that has been severely underutilized since March 2009. Why is that ? Well, a lot of people believe people like you who told them to bail from the markets and they missed out on a 40-50% return ( on average ) since. Yes, there is MORE likelihood of a market drop now then March 2009. But no, it is not likely until at least April 2011. And this is precisely why the markets may rise another 10-20% over the winter. People are not happy making 1% in their bank accounts, and Mutual Fund managers who believe the bear market crap cannot continually underperform their peers waiting for the "inevitable" sell off they believe in.
In conclusion, I happen to agree there are some headwinds the US market has to deal with in the future. But I'm thinking we're at least a year from those headwinds, and it is pointless to predict what will occur before it starts to occur. At that point, I will happily short as needed in what will no doubt be a much healthier time to do so.
