'70s Repeat
History repeats itself. We just need to find which part of history we are repeating.
If we continue to repeat the moves from the '70s in the stock market then we'll have just a bit more upside before a correction occurs. That correction will last approx. a few months. Lets not worry why the correction will occur, after all trying to pin-down an absolute forecast on Dubai or when the credit-crisis burst was fruit-less and misjudged by all.
Following the short correction the next upside leg will, probably surprising many judging by volumes in the stock market, occur. This does not mean that we are in a buy-and-hold strategy though as from 1976 to 1982 the market oscillated and produced a near 0% return. We remain in a traders market, one that we may be in for a long time to come.
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