every time the market sees a dip I notice the permabears that dominate the yahoo message boards dancing in the street and they are doing it again now. Poor suckers. They've been beaten into a bloody pulp and and so any hint of red can get them euphoric. You'll know the next bear market is here when the market rolls over and you don't hear a peep from these jokers.
I just saw 2 headlines on bigcharts.com which read as follows:
1.Pimco's Gross and others recomend getting defensive
2. Leading indicators rise for 7th straight month
LOL! I tell you, this rally has been the most hated I have ever seen. Leading indicators (including the market which is the best of them all) have been yelling and screaming that better times are comming but few want to believe. What a nation of permabears we have become.
Bizzaro year 2000 folks.
No comments:
Post a Comment