Any bulls on here?
Yeah, I'm still a bull, even though I believe we have been in a bear correction phase of a secular bull market since April. I've seen secular bear markets, and this is not one. In a secular bear, neighbors on either side lose their job, you worry about your own job, house prices come down, every other house has a for sale sign, storefronts shut down, food, gas, and everything you need day to day goes up and becomes less affordable, and the politicians are talking about the prosperity round the corner, if you will only vote for them. This could become a secular bear, if the Fed in all of its wisdom keeps doing what it has been doing for the last few years.
I suspect we will have a nice rally post-elections and going into the first quarter 01. After that, I am exiting the market and waiting on the sidelines. The Fed has too heavy a hand on the stick. |
