So are you guys saying that large swings in upward and downward movements are improbable? Or is it just downward movement?
I'm not being a PermaBear here, I'm just saying that I think the overall trend is still likely to pick up and bounce back in October, but there has been a lot of resistance for the market to move much higher. Not just this quarter, but the last several years. I don't think B.Nanke wants a full-blown recession, just to battle Mr. Inflation, so for the rest of the year, I think we move up slightly after a pause (hopefully). Next 15 months? Probably down. The next 5 years? Probably significantly higher, but not until after a significant ass-droppage.
Bullish? ...Yes
Bearish? ...Yes
Mental? ...Probably...
I'm not being a PermaBear here, I'm just saying that I think the overall trend is still likely to pick up and bounce back in October, but there has been a lot of resistance for the market to move much higher. Not just this quarter, but the last several years. I don't think B.Nanke wants a full-blown recession, just to battle Mr. Inflation, so for the rest of the year, I think we move up slightly after a pause (hopefully). Next 15 months? Probably down. The next 5 years? Probably significantly higher, but not until after a significant ass-droppage.
Bullish? ...Yes
Bearish? ...Yes
Mental? ...Probably...