Market will start to go down when economy goes down, and that will be later this year. Yes, it will not cave until financial crises. But if you read the book I wrote (when it comes out, god only knows when, Rutledge Press) you will see how in the business cycle, the 5th one is the top of the cycle, where we are probably now, then 6th is decline, 7th is crises, 8th is bottom, 9th we start to come out of the contraction.
Last one, cycle bottom was in march 2009, crises was in Sept-Nov 2008. If that crises had started a year ealier, with Bush and gop in control, it would have ended up being a worse depression than 1930s as the did not stimulate the economy and let the car companies all go under.
So if we do go into financial crises next year, look out below.
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