I am on vacation all the way through the September 16th... So my skeptical insights will come back online next week :)

I don't think that history necessarily repeats itself with a 100% certainty, but before I left on vacation last week for the first time in my investing life I felt quite confident that I am not going to miss out on any "huge gains"...

Back in SFO during the Money Show, Jon Markman shared one of his "technical" slides with me and while similarities with the behavior of the major indices in 1981-82 and 2007-08 were already striking, the continuation of the pattern is so scary that I now almost believe that there is something to it :)

FYI. In my current opinion we are still tracking "on target" for a continued decline that should develop in a manner similar to that during the last few months of 1981 and early 1982 with potentially 10-20% downside from here... (second blue square on the graph)...