Marc Faber, publisher of the Gloom, Boom & Doom report, offers some good big picture here on the forces behind market moves over the past couple of years and the historical promise of a major bear market to follow. Here is a direct link.
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As always great insight from Marc Faber. I always gain a little bit of knowledge every time I listen to him speak or read his arguments.
I personally believe a bear market is around the corner and am currently being very selective in the stocks I purchase while building a mountain of cash in the meantime.