Now with the NDX and Nasdaq composite on the verge of making new highs I wonder when all of the perma bears that emailed me several months ago to tell me how stupid I was and that stocks had started a bear market will email me back and concede that the idiot wasn’t me????
Folks, bear markets require a catalyst. They don’t just magically appear out of nowhere. They usually coincide with a recession and as I’ve explained before recessions are caused by energy inflation, severe energy inflation. A doubling of the price of oil in a year or less. Until that happens you can just continue to ignore these nitwits that keep trying to pick a top. They’ve been at it for 9 years. If they try hard enough they may manage to miss an entire secular bull market.
10,000 is going to be a piece of cake, and before this is over 10-15 years in the future, 20,000 will be a fond memory.