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As you can see from the chart below the S&P 500 has rebounded sharply off support, as I predicted it would:

Since the S&P 500 never managed to close below 1252 the bull market which began on October 2002 continues. I predict this current bull market will last for decades due to economic and financial perpetualism.

Bull market is not dead:

All of the stocks I recommended on my blog such as GOOG, MOS, POT, MA, BIDU, RIMM, AAPL, FSLR, ISRG, EWZ are all up a lot today. Had you taken my advice and bought any one of these stocks you will have made pretty good money with almost no work at all except placing a buy order.

Awhile ago I told people to buy EWZ stock at $72 cause we’re in the ‘new era’. If anyone took my advice they would have made 10 percent, while the overall stock market was flat in that same period. That is because when Ned says it is time to buy it is usually time to buy. I don’t fail.

Also, since we’re still in a bull market and there aren’t any tangible, serious economic problems the dow will rebound to 14,000 in six months and end the year at around 14,500. By early 2009 the dow will pass 15,000. The only recession we’re in is an imaginary, media generated one.

Time 2 buy