Wow, ease up. Not that I expect you to be reading my posts but feel free to go back and look. I’ve been saying for months I thought the rally would move us to 965-1k, something just above would not surprise me in the least. I was steadily buying stocks in Nov and all the way into March as I’ve also posted here since then. My main thinking then was that I thought reflation would certainly occur, at the time I didn’t fully understand the credit deflation issues that are already happening, I don’t think you do based on your response. As I learned more I developed a different larger picture view about what is coming for us, and it isn’t a nice reflation. You assume an awful lot about me in your post. I’m not triple short and I never said anything was impossible and I certainly never claimed to be 100% right.

My response was towards the article and it was a Big Picture response to an article that seemed to focus on the large overall picture of a new bull market developing, not the next 6-12 months and where you think the S&P could go to, the the author tells us the last step to making it so, ending by talking about the make-up of other bull markets. You agreed with it, and good luck to you. I’m not surprised you would agree considering you only “mostly agree” with the credit expansion and what that has done to nominal values of things like stocks or homes.

I don’t need to answer questions about what I mean by bull run because, the author of the article does it for me here:

Yet as equity prices creep higher, the bears may soon have to concede defeat. The Standard & Poor’s 500 Index has gained about 15 percent since early December and most other major benchmarks have made solid gains in the same period. At some point, it will become known as the 2009-2013 bull market.

Clearly there was money to be made from 03-07, again, for all of your reading of Grantham you should know the he referred to the bubble as “perceived wealth”, this is what I meant as a “fake” bull. For the record, I was certainly not short from 03-07.

Why does everyone here think that if you have a bigger picture idea that is bearish that it automatically makes you Steve Barry and you must be holding double or triple short everything in your accounts????

In closing Mike C, the most important thing for you to remember is that it wasn’t “green shoots” that started this move, it was “mustard seeds” as I recall.

@cvienne 7:45
People are saving but why would anyone think that money would go into investment? After all
everyone just got burnt and they need to pay off their home equity loans, car loans, student loans,
credit card debt, not to mention the mortgage. That story sounds like DOW 36,000!

http://blog.newsweek.com/blogs/wealthofnations/archive/2009/06/09/baby-boomers-it-s-all-your-fault.aspx

A building foreclosing at less than half of it’s 1999 price!

http://marginalizingmorons.blogspot.com/2009/06/green-shoots-in-naples-florida.html

Why aren’t these people banding together?

And the anger grows a little more. There’s an interesting undercurrent brewing that has not bubbled up to the surface yet.

Will it? Guess we’ll have to stay tuned.