LT,
You are of course CORRECT. The market has reached its top for 'this instance'. And it will 'drop'. We will have seen the 'top' until it regroups, and 'tops' the 'old top', a 'new top' as it were, and then, alas you will be CORRECT again, and the market will retrace, until it regroups and reaches yet another 'top'. This is how it has worked since the stock market started. Even the 'crash of 1929' was recovered from eventually. Have I missed something here? Don't the LONG TERM investors, with some judicial stock picking make money over the LONG TERM? (Don't buy the ABC Buggy Whip Company stock!)
So, in conclusion, The BEARS are CORRECT, the market will 'drop';
the BULLS are CORRECT, the market will 'rise'! When and why, now that is the discussion! That discussion has to be based on clear facts (IMHO) not on wishful thinking, or 'positions' that we have taken in hopes the market will perform to our expectations. When we are right, we are RICH, when we are wrong, we are RICH NOT!
There are other stock market areas which show promise as well, and those that are short here may be long there!
Regards,
Ken |
