I was one of you. I am seeing signs of and benefiting from a vibrant economy daily (like this one recently posted). It may sound like the Forward to the latest printing of Contrarian 101, but I am now getting emails, submissions and comments from bulls that are the mirror image of those from bears when it was time to be bullish. This is one advantage to being a disseminater of opinion publicly; prepare for incoming at times of stress and emotion.
The market will top when it tops and nobody here is forming conclusions about whether it will be doom or just a healthy correction. We'll probably find out that answer when we see whether the bull leg ends in an upside blowoff (would be very bearish) or just degrades into corrective activity down to some strong supports (would keep open an ongoing bull market).
Of course as one emailer points out, the SPX in ratio to gold is really not in a bull market, now is it? He hits the nail on the head as to why way more often than not, during the last 10 years it has been foolish to call yourself bearish in nominal US dollar terms.
Hey listen, I have to go start preparing a newsletter. The next post will be this week's gold and silver CoT data, just as soon as it comes out. Have a great weekend... bulls, bears and whoever. It's just the markets. Relax.
http://www.biiwii.blogspot.com
http://www.biiwii.com
