IMO either is possible. There are alot of inexperienced and naive investors out there now, especially with the market highs bringing novice money to the table.

Off topic a bit...

There was a discussion on sattellite radio yesterday that mentioned that the Dow is breaking records on very low volume which means low institutional buying. Mostly private investors feeling more comfortable with dipping into stocks again. Not a good sign for the market over all.

At this point I feel my investment in EDIG as a haven. Other than the run up 13 years ago our pps has been pretty impervious to the market direction.

Sounds corny but true.