never in the history if this index or older ones like djia, i have noted a distribution last more than 6 months in any major crashes..
the issue is a lot of major stocks are trading a insane valuations, we just have to accept the fact that growth story there is going to stall and new leaders to emerge to push the rally..
this is an interesting time..
risk hedge assets like gold is also bullish...
might mark an end of a bull run later on, but for now, lets deal with what we have got..
I think in November we can expect a breakout akin to DJI in Jan 1975 or Jan 1987 (10-15% upside).