thanks cad, I have read Bill Fleck's piece, and I do trust his judgment. I just don't know where the bottom for the next big run up is going to come from. Fleck is often early, that is the problem with fundamentalists.
I remember the 'redicule' that came to Bill Fleckenstein during the late 90s. Unfortunately back then I had never owned a bear fund and listened more to the preiminant bulls of the time. We all know who they were/are. That mistake is not being made now and Bill F is on my reading list these days.