QOTD
"I'm so tired, I haven't slept a wink
I'm so tired, my mind is on the blink
I wonder should I get up, and fix myself a drink
No, no, no"
- The Beatles, "I'm So Tired"
I heart www.stockcharts.com

Here's 3 years of S&P 500 ($SPX) for you:

I drew that blue line in the middle... at 1,125.
Here's the math:
  • The $SPX high was $1,575 in Oct 2007
  • The $SPX low was $675 in Mar 2009
  • That's a 900 point dip in $SPX.
  • My 1,125 line marks a recovery of half of our 900 point (vomit-inducing) drop.
So, huzzah to 1,125 on $SPX... and beyond!

QOTD2
"I'm so tired, I'm feeling so upset
Although I'm so tired, I'll have another cigarette
And curse Sir Walter Raleigh
He was such a stupid git"
- The Beatles, "I'm So Tired"
pandora fun... yow, bill

PS - Swear to God... found this (grizzly) bear post a couple hours after my post. He says the halfway recovery point is as high as we go, for a long, long time or forever or something.

QOTD3
[hitting this halfway point] "...means if this was the short term top, then it was the intermediate and long term top, probably a top we may not see in our life times."
- Atilla the xtrends bear, source
We shall see.
Fundamental difference with me... I'm staying with the trend until it breaks.
When the trend breaks, I'll give back some dough, and then sit in cash or short or something.
Until then, I'm comfy, cozy long.

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