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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (29070)5/1/2005 9:29:00 AM
From: Crimson Ghost  Read Replies (1) of 116555
 
There seems that be a deeply ingrained belief -- reflecting the action of Greenspan inspired bubble markets over many years -- that bears cannot ever be correct except over a fairly short period of time.

Bullish sentiment and market action are assumed to be the norm -- bearish sentiment and market action are just brief deviations from this norm. The rapid rebound from the 2000-2002 bear has further reinforced this belief.

I suspect this bullish bias is going to be severely tested this year and next.
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