James, do like your websight. And find your references and comments interesting as always. But I nevertheless keep coming back to the fact that bulls seem to want to be bulls and bears, well, you know <g>.
Can't quite remember the book title, but the gest is that the growth areas in the economy are under pricing pressure, which reduces inflation, which fuels this market, which certainly supports the bulls' stance so far.
Rob
ps. understand that the bulls and bears can vary their stance depending on the st, mt, or lt perspective. Must admit that given the tax consequences of my st, mt, and lt views so far, I am very much encouraged to remain a bull. (That is, turning bearish requires me to predict a 36%+ decline. A very steep one, as even the most bearish of us might admit. Comments anyone? |
