I'm thinking short term, we're hearing too much pessimistic forecasts and discussions. At the same time, complacency is still high in the market action itself: put/call ratio, people still being 100% invested, etc.
While I dig that out and try to find my answer, please share you opinion!
So, what do you thinks? Comment on this post, or drop me an email "spam.recycler @ gmail.com".
5 comments:
I vote complacency.
Hahah, at least you kept you sense of humor :-)
No really I do! =)
You think I'm joking... well technically I believe now is the time to buy and that will produce complacency. Here is what I see:
This up and coming October bottom will produce a rally that will last for awhile and its worth buying. But what then?
China is going into a massive shit of a problem - excuse my language. Therefore complacency during the rally into year end will have a huge surprise in 2012...
China! I'm keeping my US Dollars for now and I'm still short precious metals.
I think you're right: we're still probably going to drop a bit further — specially given the crazy action at the close yesterday, and then we'll rebound for a month or two, before falling again like a rock.
Yeah sorry... the rock part I do not agree with. Bernanke will print much much more money during the second crisis and the only thing that will fall like a rock will be Treasury Bonds and the US Dollar, after the current period of fear is finished.
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