Regarding market bearishness...
IMO, excessive bullishness or bearishness should be viewed in context with fundamental, economic and political environs. A majority on one side or another does not constitute excessive sentiment -- rather consensus which ultimately will drive the market. In turn, when a market does not move in a decidedly strong direction, I would argue that there is neither consensus nor excessive sentiment... er, assuming free market. <g>
I mention the above [not directed toward anyone] in response to assertions of overly bearish market sentiment. Despite contrarian indicators and the like, I'd argue that -- in context with global economic, political events -- market sentiment is bullish. Somehow, the spectre of global economic recession (and regional depression) has been transferred to White House affairs; the absurd impression is that if Clinton survives, the markets with thrive. Sorry folks, global markets don't markedly erode due to the release of GJ tapes; felatio causes wealth to evaporate much more slowly. <g>
Off the soapbox...
HEY - I think Hillary is cute. Leave my Hillary alone.
Donnie's Angels: Hillary, Maria Bartoromo and... Lisa?
(Thanks again for the timely posts, Donald.)
Regards,
Alan |
