The Good News Economist

Bull or Bear? Nobody Knows

Bill,

Certainly no one knows. So I really appreciate you caution and approach to individual stocks. A great example this week is Alcoa (AA) which continues to move higher even in the face of "a miss" and a big loss.

But I'd also argue that the new bull has started. I've been following the daily Rasmussen Consumer/Investor confidence indexes closely in the past 6 weeks. They both continue to surge higher with no bearish movement since both rocketed higher 3-4 weeks ago...

mast-economy.blogspot....

No one know, but confidence is key on what might happen next. If continuing positive psychology falters, then the rallies will too.... if those indexes keep moving higher, I can't see any significant dips on the near term horizon -- individual stock picks aside, the market no doubt moves higher from here until sentiment turns south again...

GNE
goodnewseconomist.com



GNE