You know- I'm just going to say this- and get it off my chest.
I'm thinking we're going to have a pretty significant pullback any day now. There are signs that are telling me that we've gone waaay too far up, too fast, for anything OTHER than a quick pull back that is going to be significant enough to grab attention.
Now, there really is nothing fundementally wrong with the economy, OTHER than it has gone upward for longer than it should have. We SHOULD have had a small pull back or even two in the last six months, and we haven't.
So I am thinking that we 're about to get smacked with a nice, healthy pullback. I am seeing, in the charts, a range of somewhere around SEVEN PERCENT DOWN as not being unrealistic.
Call me a pessimist if you like, but the drop could be more than 7%, maybe more like 10%. But I just am seeing, feeling, and thinking we're at loftly levels right now and need a good downward hack in order to clear out some of the headiness and optimism that is floating around right now, driving PE level to unnatural highs.
Anyway, that's got me thinking that a BEAR MARKET is a real possibility, and soon, and that a whack of at least 5%, likely 7%, and possibly as much as a 10% pullback is close at hand.
My 2 cents on Jim Roger's vision- he's on-target.
