People always say keep the big picture in mind. Ok , I find a big picture for you guys: a dow chart ever since 1789!
Though I regard myself as a bear, this chart still scares me and makes a chill. What if the top in 2007, fifteen thousand point something, is the complete wave 5 of this whole supercycle??? Can you imagine that means we are kicking off a multi-decades retracement from here? Yes, we need at least tens of years to correct a motive wave of more than two hundred years. The picture I was having is that the recession will be end on 2013 and I am already called crazy by friends……
OK, hope you enjoy the chart and dig it out later to your friend when they talk about big picture with you later. :)
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