I don't like to predict too far into the future but it seems to me that the stock market is anticipating a recession sometime in 2008. It's only part of the business cycle. The economy expands and the economy contracts. And stocks react accordingly. Now, that doesn't mean that we'll see a repeat of 2000-2002 bear market but we could see a 20% drop in the indexes. This is my view, love it or hate it. Good Trading.
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