Bearish!!!!!! But who really knows or can make a prediction? I am thinking that we may be topping. We have the IRAQ situation and our loss of overseas prestige, I expect f
orward returns on the S&P 500 over the next five years to be in the 1% - 4% range, well below historical averages, the S&P 500 appears to be moderately overvalued, I believe a 20% correction is going to happen soon, and I believe that over the next 5 years there will a slow grind downward or be range bound. And let's not forget that the last 1.5 year bull market was powered on extremely low volume.
No one can predict the future!!!
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