Hi Mike et.al.

"Myexperience suggests that market is wrong all the time."

Wow!

Been pondering this ever since you posted (about 5 hours ago) and I have to say that I for one cannot agree, and this is one of the few things we disagree on.

I agree that the market is not always what we want it to be, and that we may not always agree with the direction it is going in, but it is never wrong.

Why?

Because WE are the market, all seven billion of us.

The market goes wherever WE take it, and we are not wrong. We may not be right all the time, but we are never wrong.

Had to clarify my outlook and as this is my first post of 2012, I would like to wish everyone a Very Happy and Prosperous New Year.

Good Luck to all!