The Black Box

[sylvester80]

What I know is that the current market valuations are bubble valuations IMHO. Now you can trade thinking that they are not, or you can trade thinking that they are. At this level, looking out 2-3 years for a bullish case makes no sense to me. The market have to and will IMHO come down from these valuations one way or another (via huge consistent earnings and top line growth or lower prices). IMHO, the long term growth that people are expecting is just plain not there. So no, I'm not predicting NDX of zero. But also I'm not predicting 3000 either. Sideways movement for a very long time is probably what we will see and currently we are very near the upper range of that movement with the Oct 02 low currently being at low and which IMHO we could see even lower during that time frame.

JMHO. Good luck with your trades.

JMHO.