Look at this chart...
And when you look at this YTD chart of the S&P 500, I hope you see the two "legs" of this rally (new bull market that started in March). You also should see a gap / time between the legs when the market was going down (short correction) in part of June and July.
Now, see what I wrote in an e-mail I sent to a co-worker on 7/16/09:Just in case you didn’t know: The new stock market run (up, of course) has started today:
BAC up 9%, FITB up 9%, NCS up 10%, CENX up 4%, DDR up 5%, CNO up 11%, HTZ up 5%, and TCK up 6%.
p.s. I listed these stocks for him as he knew these are the stocks I had in my portfolio at that time.
p.s. Looking at this chart now, I have to say I was one week late to call the start of the second leg of this rally, but I think I still did pretty well with my "prediction" (I don't know if I can call it a prediction because I was so certain).
Market just continued going up since then... No corrections, no collapse...