Permabull? on a good company, you betcha! Of course it's a two way street. And yes, if the market collapses, Wag will suffer with it. IF! But what if Saddam is already dead? What if the people in Iraq decide to overthrow. What if other countries decide to help. You think the market will go down then? I think not. Overvalued? never, stocks sell for what they are worth at any given time. Trick is to see what people will pay before they pay it. How good are you? did you get in on shorting CAG today? How about RPM a couple weeks ago? Maybe you missed those, watching for WAG to fall to the low twenties?