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Bull won't roar louder

Date published: 1/27/2013

Bull won't roar louder

Just about every Wall Street strategist and economist is bullish on the market and thinks the market can take on the 2007 top this year. Even the public is getting excited about the market's prospects.

I hate to spoil everyone's enthusiasm, but the market topped last Oct. 5 and is about to start a precipitous decline that will make 2013 go down as one of the worst years in stock-market history.

If you can get out anywhere in the 13,000s, then you will feel real good about it in the not-so-distant future. This rally is providing the last opportunity to get out at prices that won't be seen again for perhaps decades.

The 2007 top is a top that will stand for decades, just as the 1929 top did.

Eric Morgan