To: westpacific who wrote (42926 ) 10/26/2011 2:13:27 AM From: John Pitera 2 Recommendations Respond to of 71445 West, thanks for the feedback, we could possibly see a staggering decline occurring long before 2014 to 2016. It's possible we may see the SPX back at 666 levels in a generalized global final round of the Greal Financial Crisis of 2008.... which is itself an extension ( much as the nifty 50 bear market rally of 1972-1973) of the Great Speculative mania of the second half of the 1990's. and it's all because we had the Japanese and The Fed and the "interests" bail us out of the crash of 1987 so that the average investor learned to just buy and hold through corrections bear marlkets and worse. The Japanese played a special roll in taking the sting out of the 1987 crash as they were in a once in empire speculative mania and came in to prop up asset markets including equities, and especially real estate, as the Japanese bought Rockerfeller center, the Exxon building in NYC,, the Mobil building, the Chase Manhattan building, the Citibank building, Pebble Beach Gold course and a long list of other real estate.... just about all of which has been long sold. It's the risk of Euro Plays debt default and the calscading effect that this can have on our world. Imagine if the EUR goes down 20 or 30 big figures in a heap. the knock on effects of wiping out French banks, having Italy and Ireland being unable to hold to the Euro union, plus collapsing US multinational earnings and freezing the LIBOR market and you've got a huge hit that is ominous. This kind of reminds me of the US stock martket in 2000. when it topped on March 10th even the smart money and the bears where in the market and got hurt. But when we bottomed around May 25th and got a big summer rally in the market and many of the bubblestocks...... ARBA, a darling of the B2B selling at 120 times SALES was able to go back and make a double top and when Sept of 2000 arrived the professional and hedge funds were now short the marrket ready for the long long rise to Q 4 of 2002 and Q1 of 2003. When you speak of Armstrong Cycle.... you speak of Martin Armstrong. I assume. John