That black sounds like John Templeton. Templeton was always bullish and he always looked far into the future without any consideration for the fundamentals at any given time. Asset classes move in waves in which they are in favor and out of favor. You can get crushed waiting for an asset class to come back into favor. And to not consider the Fed's role in the current market is a big mistake.

And how about you total opposite, I remember 1997 or was it 1999? You were telling me SPX was heading for 250, so far 666 is the lowest I've seen ten years later after the dot.bomb bust.