I guess that's where he and I differ. I believe we are in a bear market of some duration. We'll know soon enough.
Thanks for the explanation. He still seems to have a moving target for that low. It was 1450 last summer, and now it is 1300.
If he moves it to 1200, his followers will have given up nearly 1/2 the gains from the March 11, 2003 buy. Actually, that has nearly already happened at the 1257 low last month.