IMO, we are having a mirror image of the psychological climate that led to the decline at about a yr ago. At that time, stocks began their decline while all the news was positive. Those few analysts who predicted a decline were vilified on this thread. Despite the great news, the techs crashed --in a way that was incomprehensible to me.
I now see a reverse of that situation. The bad news is coming out, and AMAT had gone up over 25% since Jan 1. IMO, this portends a switch in attitude. The recent increase in the market indicates that people are getting back in. Indeed, stocks have become among the best, if not the best, vehicle for investment in the last 20 years. This has not changed, and smart people buy when it is low-- and it is low.
Obviously, no one can pick exact peaks or troughs, but we are beginning to see a switch to the upside. I think that the shorts are taking an enormously risky position unless they are prepared to flee quickly.
OT OT
Jacob- comparing Wilson with Stalin was egregious! Also, your facts are wrong. We have had Norman Thomas and the Socialist party, and remember that Henry Wallace ran for president in 1948 for the labor party. As a young kid, I distributed flyers for him. He paid well, also.
fred |
