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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (76146)12/19/2006 10:47:33 PM
From: Lizzie Tudor  Read Replies (3) | Respond to of 110194
 
tell that to the bears on SI, who consider 5% returns a roaring bull market. Yes we are currently experiencing "new highs" in the DOW, but this does not a bubble make. Our financial markets have been so bad, for so many years that bears feel empowered to think it has to go on this way forever.

I am not bullish on this economy really and esp not on housing. But the chances of this stock market staying flat for ANOTHER 6 years after this past 6 years is almost nil. We have just lived through a market that comes along only once every 30-50 years.

Stocks GO UP in normal times. 10% per year.



To: CalculatedRisk who wrote (76146)12/19/2006 11:18:35 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
<Wall Street is always bullish - first it is usually correct, and second, there is almost no penalty for being wrong if you're bullish - but the penalty is heavy if you are wrong and are bearish (say goodbye to your job).>

"A sound banker, alas, is not one who forsees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him".
- John Maynard Keynes