I completely agree with you cabinboy. There are always money to be made in the market, even when the indexes are going down. Big money in the market never exit the market, they just move it from one sector to another, or take some of it out and put it on the sideline for a short while, but it’ll be back in sooner or later. Just look at the last market crash in 2001, if your $ is in tech, you lost big, but if you take that $ and put it in oil, gold, RE, you’ll gain big.
powerseller, last I check, corporate profit is still huge in the oil industry. Also, the telecom industry is finally starting to make a come back too. Large cap stock hasn’t rally as much in this recent upswing to merit a major decline.
