Jeffrey Bernstein

Will a Bull Market Break Out?

I have never been so disconnected intellectually from the market trend. But the 200 day MAs say there is a trend and it is up. You can no longer call this a bear market rally. That is not to say the market can never revisit the lows, but a period of distribution will have to take place, breaking down the support of the moving averages, we aren't just going straight back down, which often happens in bear market rallies. That's really my only point here. I hate the dollar, I hate the economy, I hate the long-trem outlook for our nation (unless something changes in a big way) I am still long some gold and have lots of cash on the sidelines.