We got within ten points this am of the low I have been expecting since January. This is the moment many of us have been or should have been waiting for.
Although I expected a sell off from January into summer to tag the 300 day ma's on the comp, I did not at all expect the severe damage that has occurred in individual stocks. I have been smashed quite thoroughly despite expecting this sell off. Not too bright.
I don't share your concerns about next year, if I read you right. You may have adjusted that though...I stopped reading your posts but have paid attentiaon to this thread as a summary of your position. We should be heading straight to 2800/2900 within 2 years, with one reaction along the way, 8-10 months from now