| Thanks. I asked because you are to a large degree a technical trader, so maybe you saw something in LT technicals. I thought secular bull ended in Y2K, then 2007. Both premises were proven wrong, because US Fed decided to manipulate US stocks higher at all costs, but Malaysian bull market did end in 1996 due to US tech switching to China I presume, which has cheaper labor. I agree with you. Needless to say, secular turns like Malaysia or Japan are catastrophic if one is long stocks as Americans have been conditioned to be. In Malaysia or Japan you still didn’t get your money back in nominal terms after 30 years. Needless to say, I have a hard time trusting the Fed’s new found toughness. They can’t afford to crash stocks because it will crash everything. Retirement, government funding, twin deficits, you name it. If you think the budget deficit is high now, wait until sp500 crashes and recession. Remember the deficits in 2008-2009? The truth is, bull or bear is up to the Fed. They choose Zimbabwe, and the Dow will add many zeroes. They give green light I will be buying. Take it as a sell signal -ggg- |
