What a valuable analysis by Charles BIderman - "He is bullish on stocks but believes... that at some point stocks would drop".
I can add the part of my analysis of everything that has ever happened: the stocks might rise somewhat in between of Biderman's points of where they are now and the expected points where they drop, which might be preceeded or maybe even followed by several periods of variable duration where the stocks do not move much in either direction. We maintain our view that such characteristics of market behavior might continue and investors are strongly advised to monitor the major trends mentioned above.
This research is based on our proprietary anaylysis and research.