>>>Needless to say there are no Bulls left here and
bearish sentiment on everything.
don't worry, on the next rally the bulls will be back declaring the bottom is in -ggg- and the bears are all wet.
don't see to much doom and gloom here:
decisionpoint.com
Bullish sentiment peaks right at the top, as bearish sentiment peaks right at the bottom. As one looks at the rydex chart, and the put/call ratios, both at historic extremes at the march nasdaq top, one wonders if it can ever top that in the near future, will there be a time close at hand where they will push a rambus up 400% in a few months, or a human genome stock up 800% in a few months.
all the bull market rationalizations i hear are all based on the short term financial memory, when one takes as a frame of reference a 4 year period of screaming bull market gains and extrapolates into 10 or 20 years, one may be disapointed, the period over the last 4 years is anamolous. The fact that the screams of new paradigm, new economy were at a fever pitch at the march top, should be a warning sign to all, who think the market always comes back.
This time may be different |
