Hello Robert,
I pretty much agree with your views, for the time being, of being bullish, until something changes.. I follow my technical indicators which turned in mid-October. Since that time the fundamental back drop has improved for equities, interest rates, employment numbers etc. So I have to stay long. Also the money flows are basically the same into the funds. So why fight it, I guess.
It is also my opinion, that the markets are less manipulated in the last five years or so, than they used to be.. The whole market environment is so much larger than it used to be. It has been taken out of the back clubby rooms and put more into the hands of the great numbers of individuals doing their own trading, whether individually, or through market timing of funds, etc.
IMO, the old time market insiders, the ones that many think are manipulating it are not. They Can't. Maybe they would like to to accumlate cheap shares, like they used to sell back at higher prices.
And the Money keeps flowing in.. How long? I don't know.
I just go with the Money Flow..
good luck all...coug |
