WC Whiner

Dow 15,000? (ETFs: IVV, IWV, IYY, SPY, VTI)

In re DJI 15k, that's because 5% and 50% are practically the same, yeah?

I have made any number of embarrassingly wrong market calls, but I find it best to revisit them when wrong and identify whether I made ex-ante errors, or whether once again I simply fell prey to bad luck. Luck swamps skill every time. I might be happy to believe your index call last fall was simply bad luck, but I just can't respect the, "I shall be proven right in the end, just you wait," elision of events.

FD: like the folks at PIMCO, I see the housing slowdown taking down marginal consumption, hence marginal GDP, corporate profits and as soon as the market gets what's happening, the indexes. I am ready for my call to be wrong, but so far, the data are coming in much along that scenario. You won't want to be overweight US equities if I'm right.