i agree its a beginning of a period of sideways to down movement over the next several years. The oil crash & its bankruptcies will not resolve itself in only months. Chinas true picture is sketchy, wont resolve in only months.
The fed has no choice but to raise rates. they been at zero over a decade & its killing the savings rate, generating fresh bubbles in stocks & real estate. whats the Fed gonna do if the economy slows while rates are at zero? they will be helpless. gonna need a new government bailout! so the Fed cannot keep the bull going forever, & raising rates is not bullish for stocks.
great time to be in cash, relax, wait for the time to get great dividend paying stocks at great prices. my eye is on Exxon & duke energy. Their charts are seriously outperforming the market at the start of this year!
