Why do respected market commentators come out with such rubbish as this:
"I haven't been this bearish in a year. I look at the board and every single stock is up. But there is no fundamental rooting as to why." Meredith Whitney on CNBC
The Trend is UP and bullish with a pullback day today. The PREVIOUS LOW is around 1030 which is miles away from where we are at 1094.40. Does Meredith want investors to short (sell) the market so here clients can make money?
It is totally financial suicide to have AN OPINION ON ANY MARKET ... PRICE TELLS ALL!
SPX Price says we are BUYING BULLS and their is no stopping us ... YET!
If and when price falls below 1030 and doesn't reach it's previous high of around 1107 then we can reassess the situation, until them THE BULLS HAVE IT!
NOTE: WE DO NOT CARE WHY PRICE IS BULLISH, WE ONLY FOLLOW PRICE!
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