What the perma bears fail to understand is that we are now in Kondratieff spring. These people are living in the past. They’ve been waiting for the next shoe to drop ever since 2009. But during spring we don’t get big nasty, deflationary bear markets. During Kondratieff spring 4 year cycles are right translated. Yes at some point we will have another recession but it’s going to be mild and it will correspond with a right translated 4 year cycle so it will be short.

By the end of the day the bears will be scratching their heads wondering why the market didn’t crash on the soft employment report. It didn’t crash because the daily cycle bottomed on Monday. We are however caught in a trading range and probably will be until after the June rate hike. That means it’s going to be difficult to make money during the first half of the year. The second half should be easier.

I’ll say it again. 10,000 is going to be a piece of cake. We will get there before this 4 year cycle tops (Probably in mid 2019).