Johny,

The doom and gloomers (and have to add the gold bugs in that category) have been saying the same thing for quite some time. Of course, they will eventually be correct, but the markets have rallied well beyond the point that I will give them much credit once we experience our next bear market.

And, of course, you're correct about POET, if POET succeeds, it will still do great, even in a lousy market, but make no mistake, it would do better in a bull market. For those who are way, way overweight in POET, POET success in a bear market scenario may well be better, imagine the bargains you can pick up with profits from POET.