I must say that is very nice to see the markets making an overall turnaround. I heard somewhere that the market runs in 4 year cycles, does anyone here know if there is any truth in it?
Sure, why not? Markets track human nature and human nature runs in trends. People can only stay pessimistic for about 4 years until they get sick of it and want to go long again. The excesses get worked off, the losses run their course, and business as always makes a comeback. The next bull will be the biggest ever. If you figure the market peaked in March 2000, we are getting very close to the 4 year anniversary of this cycle. And it is a bad time to be an amateur short right now.