The Tide Has Turned

by: Scott Rothbort

All I am hearing is the market moved "too far to fast" and "mark-to-market is already priced in". I think these are just euphemisms for saying "I missed it". The tide has turned and now the bulls that indeed were willing to buy on a bottom are in control.

The NASDAQ Composite [CCMP] and 100 [NDX] are both higher on the year. So is the LakeView Restaurant and Food Chain Index [LVFRI]. Money is being made. We are back to a fundamentally driven market and those who over relied on negativity and charts are being left behind.

The days of short selling stocks like shooting fish in a barrel are behind us. The 100 year flood has receded and the paradigm of endless negativity is being swept away as the waters part.