Just as there is no airtight argument against the Dow Industrials wafting up to 25,000 in the years ahead, neither is there a compelling case against the possibility of a 5,000-point collapse overnight. As a betting proposition, the collapse would seem to offer far better odds, since, as we know, even the failure of a small bank in Portugal could conceivably trigger a global financial panic.  It therefore behooves us as traders to treat every rally as, potentially, the bull market’s last gasp. And it is easier than you might think to avoid loss, or even make a a few bucks, when you’re wrong time after time.  Find out how with a free trial subscription at this link.  One of these days we’re going to be right, of course, and we think that day will come sooner rather than later.  We reserve our most withering scorn for those who believe us wrong simply “because the Fed won’t let it happen.”  If that is your mantra, don’t say we didn’t try to warn you.