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RE: THE BEAR IS OVER - At least for now
Ballsy prediction! My own feelings are that we're going to go a lot lower still. I plan to start buying below $5000. Based on the logarithmic historical chart it wouldn't really surprise me to see another 50% drop before really bottoming out.
The other scenario is the one you paint, but I don't know. That would be too easy and too good to be true. I don't think we are in panic/desparation mode just yet. We're getting there though, but as long as there are people 'waiting on the bottom to buy' i don't think we're there.
You may well be right. I hope not, but when has the market ever done what I hope?