s&p500 closes down -4.64 (-0.45%), page-3

I personally believe that we will chug along, and make small gains over the next 6-12 months.

Although I dont deny the possibility of another downturn, most securities are now being traded at or slightly below there fair value. This limits the downside as there are still plenty of people waiting to get back into the market, and as bargains are now becoming scarce, they are willing to buy at small discounts, and we shouldnt see anymore trading at huge discounts.

If you bought with a margin of safety during the lows, you should feel comfortable about where this market is going. There are so many more people investing in the market nowadays than there was 10 years ago, meaning that there is alot more money waiting to get jammed at the smallest dip.

If you take a step back, and look at the 10 yr for the DJIA, we have lost alot of ground, and I believe the March till now rally is not an unsubstantiated rally at all. It is a correction, from being oversold, back to fair value.