Both serious and experienced analysts believe that we have not seen anything yet...the drop will be massive.
Joe Granville says DOW will be at 8000 by end of 2012.
I have only one question. Has Granville (in his 88+ years) ever given a buy signal?
I only remember him as giving doomday market predictions. Who knows, maybe this time he is right. "
Whats funny is that no one thought the 87 crash was coming. No one believed stocks were in a bubble during the dotcom debacle. If you suggested it you were insulted. No one believed housing was a bubble in 2006. I suggested it to some friends and was laughed at.
"There are as many credible people saying we go higher as though that say lower."
Never mind what both side are saying. Use your own brain. Ask your self things like is the economy really good? Jobs? Housing? Private debt ? Government debt? Are they telling us the truth? How is Europe? Is the economy being propped up artificially? Like by the Fed?
After you answer all those question honestly to your self then you will know the answer with out relying on others.