There are a lot of reason why the market should not be looking for a blue sky. A poster named Georgia Bear from bearforum put it eloquently....
"3 quarters out, the outlook for profits is dismal. Almost everyone is carrying too much debt. Credit cards are being maxed out,
home equity is tapped out, prices are rising on the real things we use everyday, very few households have any savings,
hundreds of thousands of workers are laid off, stocks are way overvalued, the value given to the dollar is a fairy tale, we are
experiencing spot shortages of energy and electricity is being sporadically cut, we owe the rest of the world more than we can
pay back, but for some reason conditions are just "perfect" for a runaway Bull Market. What am I missing? People are definitely
not buying based on fundamentals, but the only positive news I can find for the market is Rich Old Uncle Al and his perpetual
money machine."
Of course we can add more, but the fact still remians...it looks like it wants go up right now.
GNSS was good for a bit. I covered most in the mid 20's from 22 and what was left in the low 21's. It's not in play for me right now. |
