Against Aphobus

A Bull Is Born, 2009

What about the fact that none of the economic fundamentals have improved!?! The market will not just rise (sustainably) because some time has passed and a few sketchy technical points have been crossed. Inflation is the one "force of nature" effect that will push markets up (not in VALUE but in PRICE). Other than that, I don't see much of a case for a sustained bull market.

Even admitting that inflation by itself is a bullish force on stock prices, with earnings in the toilet and borrowing difficult, I'd rather invest in commodities.