Today the Dow broke through 13,000 for the first time ever, reaching that psychological level this week that I said we would. I am also going to make a bold statement here and say that I do not feel that we will ever see a real bear market again (unless something catastrophic and unpredictable happens). With the trillions of dollars invested in the stock market, I do not think the big money will let the markets go under since that would cost a plethora of jobs, money, businesses, and most importantly the economy.
Furthermore, investing has become very popular. College students are even investing in stocks now, something that was only done by the most sophisticated of individuals only a decade or so ago. Also, television shows and broadcasts concentrating on stocks have become very popular. Shows like On the Money and Mad Money even get the couch potato interested in putting their money in the markets.
Of course, a correction and consolidation is possible and probably healthy in most cases, but I do not think we see the markets ever go under 12,000 again, and after it sits above 13,000 for a while, I do not think it will go under that number.
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