>>20070305I still think the bigger issue is just about every graph and data point you can track looks a lot like 1929/2000/2008 and in most cases is worse than all of them. For awhile the retard pump shook away those anxieties with thoughts on NEW PARADIGM NEW PARADIGM OMG THIS TIME IS DIFFERENT!!1! but what's left to pump the market irrationally now that that's over? The last 20 or 30% we saw was because several rate cuts were being priced in. Now the market has to course correct for not only no rate cuts, but rate hikes. I'm still buying spx when it drops to around 4600 or 4700, I'm not letting bearish exuberance cloud my judgment. We're not going to 3000 or even 4000, but I'm certain the bottom isn't in yet.
