Quote from Nine_Ender:
Ok, you said 9600 will become 9000 and maybe 8000. So now its 10500, you lost 9% on your theory in short order if its just index
investments, much worse if you bought stocks or options.
So now what. Tell me what the index will be end of next week, end of the month, end of the year. If you are so confidant in your thesis, should you not liquidate everything you own and short the market first thing Monday ? Kind of a "sale" for market pessimists ?
My instincts are telling me the prevelance of irrational pessimism on Elite Trader and on CNBC tells me we are still in a bull market.
But index levels really don't matter we are now in a stock pickers market with sector rotation being very important ( to the fellow who claims we are not in a stock pickers market, do not live in the past what occurred then does not determine what happens now; I am seeing divergences in stocks already ).