Dislikednot a multi year my friend, I think about something sudden, more dramatic, 2008 great example, this time much faster perhaps.
totally agree on highs for stocks, cannot see any real pusher in horizon anymore.
1st target is not that far I would say by the time when decisions will be made on fiscall cliff, then maybe bounce back up, a tiny one.Ignored
The longer target... I tend to agree. Markets go down a lot quicker tan they go up, and I think all gains since the collapse have been central bank induced sugar highs, that mean nothing, were doomed to fail from the start and the post sugar high is more likely a crash, than a gentle comedown.
The immediate news story is the fake cliff, but this a broad worldwide unwind, the cliff is just the cause celeb dejour...
I have been saying to myself since Lehman Bros. collapse that fortunes will be won and lost over the next few years.... Its a great time in history to be a trader.