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There are powerful forces [financial media, mutual fund and
RIA portfolio managers, trading desks and perhaps some others that will go
nameless] arrayed against bears.
mean think about it.
When was the
last time you heard a CNBC/Fox/Bloomberg host ask a guest, “Give us your
top short picks”.
headline on MarketWatch last night read:
“March Starts with Sadness”.
Need I say more?
You’ll see more of these “stick save”
attempts as we proceed to whatever the ultimate outcome will be.
Logic states we’re in a heap of
trouble but then markets build this stuff into prices, right?
It’s only Monday and there will be plenty of economic news
not to mention the unexpected for bulls/bears to chew on.
Let’s see what happens.
Have a pleasant day.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, IWM, RWM, TWM, PSQ, QID, RSP, DVY, IEF, UDN, FXA, GLD, GDX, USO, DBC, DBA, DBB, EWZ and ILF.