I think since everyone seems so bullish since last week the contrarian in me believes we will be seeing new lows soon. All the "pros" seem to believe the worst (marketwise) is over and the end of season rally has begun. Mind you, these are the same "pros" that have been losing an arm and a leg and have been buying the dips all the way down. Even Cramer is now bullish again, which leads me to believe a sharp drop is coming as all that "hope" and optimism evaporates when the next shoe drops.
-
I think since everyone seems so bullish since last week the contrarian in me believes we will be seeing new lows soon.
Nov 03 05:00 am
|Rating:
+1
0
All Comments by eurotrash »Signs of a Tradable Bottom Appear [View article]
All the "pros" seem to believe the worst (marketwise) is over and the end of season rally has begun. Mind you, these are the same "pros" that have been losing an arm and a leg and have been buying the dips all the way down. Even Cramer is now bullish again, which leads me to believe a sharp drop is coming as all that "hope" and optimism evaporates when the next shoe drops.