US stocks rally to end?

Professional trader Victor Sperandeo warned yesterday that the current US stock market is likely to run out of steam. This is because real growth is not going to occur.... due to the wealth that has been lost in stocks and housing.

Just who is Vic Sperando? He is best-known for having traded independently for investors such as George Soros. He drew a parallel between now and the stock market crash of 1938. Stocks hit a low in April that year before rebounding in July - similar to what markets are doing now. The following year, the market plunged again,

He added " I see this kind of choppy action because you don't go from things that are very bad to things that are very good."

My personal take:My personal opinion is the same as him. I really do expect the stock market to come falling down again. However, I do not think it would be so soon. There is just too much liquidity in the market now. But, I think markets would come down again in 2010, so in the mean time, let's enjoy the "bull run".

Position added today:
Capitaland
EP: 3.84
Size: 1,000 shares (realise even though i'm still bullish, my trading size is really small. I do expect some form of correction soon.)
SL: 3.44
TP1: 4.24

In the meantime, my stop loss on Swissco was hit on Mon (8 Jun). Guess will not be venturing into penny stocks in the near future.