Monday, April 2, 2012

Some Contrarion Thinking.

I was thinking that there are no bears left in town. It seems that I may be wrong. Everyone worth his name is now giving interview in Bloomberg that stocks are due for a pull back. For e.g.

Or take this.

Or take that.

I think stocks will go higher from here.

All these talking heads are just shooting in the dark and they do not know any better than you or me. Only difference is that we don't get a chance to wear a nice suit in front of the camera.

For those of you who like charts and believe in TA, here is nice chart from Ilya Spivak, Currency Strategist: