Quote from MKTrader:
Almost 80%+ for the Dow in 15 months? Has that ever happened?
I'm glad there's a permabull here to counteract all the permabears (the "Dow 3000 next month!" crowd), though I don't agree with either camp. But you really need to tone down stuff like that. It look the Dow and S&P a full 5 years to go from the 2002 lows to the 2007 high. Bull markets are almost always slower going than bear markets.
I'll be happy with dow 13,000 too. But when the market does rebound after a bear market it tends to be huge and sudden, followed by a steady rally. In the 2002-07 bull market 1/2 the gains were made between 2002-03, and the rest were made between 03-07.

