I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.

I think that the public is in and the public is in big, and the public is not, I don't think going to pull out because the public knows what I said about 1987.

I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I've got to give the market credit before I give myself credit.

The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do.

Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.

I am not a hesitant bull, I'm a Pamplona bull.

But be very, very careful, because when you're playing with momentum, you're playing with fire.