And oil is at new high again today. In 2008, the high oil and food prices caused a severe recession, and now oil prices are as high as 2008 peaks again. Even worse than 2008, the high oil prices may persist due to the turmoil in Arab countries is not likely to end anytime soon. This may put us into a second dip recession that is worse than 2008 recession.
I believe the market will crash this year just like 2008. Better sell and get out while the prices are still good.