donzoab

The Worst Is Likely Behind Us

I think you should look further into market history. The dow went nowhere from 1965-1983. During that time the real return was a negative 6%. During that time they didn't have 65 Trillion in CDS's sitting out there. No subprime problems. Banks continue to hoard cash and are not lending. Huge baby boomer population moving into retirement. Add the huge amount of overhead supply now in the stock market and you get set up for a long period or continuous selling into rallies.
Yes we will see rallies, and the smart patient investor will continue to buy at lower levels and sell into these rallies. however I do not see a strong return to growth in the stock market until 2017 at the earliest.