Fwiw, for those of you asking by pm what I think, I don't think anything different than what I have generally thought and posted here on ihub since summer 2002.
I don't want this to sound like I am irritated because I am not I just want to respond publically to save a few minutes.
1.Bits' channel, which was created to give a very long term summary view of my opinion, is in the header, you might want to look at it.
2. Several times over the past 18 months I have posted three basic intermediate term scenarios. ALL OF THEM had a high of 2300-2400 this year and either 2800/2900 next year or even higher to 3250+ into 06, which I now think isn't likely.
3. I don't really give a crap, really, about what the lows are going to be, but I think a tag of the 300 day at any time is a sure thing. I have posted several times on how that may evolve.
Now, let me say that my attitude and tactics here may not be useful at all for many of you. I have said that I have the ability to go balls out and some reasons why I should. I also have returned to my business which I have worked at 50-60 hours a week, 6 days a week, with maybe 3 days off, over the past 14 months, and I am now generating some very serious cash flow, and it will probably triple from last month over the next 2 years. I suspect that next year, I will make more than 2.5x times my previous best year, 1994, and this was a business that allowed me to retire relatively early in life. I CAN AVERAGE DOWN, IN A VERY SUBSTANTIAL WAY, AND I AM. I am absolutely at war here, make no mistake about it, and I am steadily getting in better shape to pile in even more on dips.
If I am wrong about these picks and the market, I have a fall back position that I have rebuilt my business much bigger than before, and I have real estate and notes that I can sell to make up for catastrophic mistakes.
Contemplate this and your own situation. My trades and investments might not be at all appropriate for you.
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