Hi Allen, Re: History repeating...........................
I have several investments that have been in plateau mode for quite a while. They move up and down, but if one looks at the overall slope, it is near zero. This could be indicative of a market consolidation, information overload with too much noise and not enough signal or could be something less friendly.
With next year being a presidential election year, 'puffery and posturing' is going to happen regardless. ;-)
And if memory serves, the big drop doesn't tend to occur in those years. They wait until after the election. The S&P bottomed in Sep, 2002 and Feb. 2009.