Understanding the Market Skeptics
It's been said that markets climb a wall of worry, and the current rally is no exception. This past week, one commentator after another has suddenly declared that the stock rally is in trouble, yet the markets continue to march higher. What factors have caused such skepticism?
Other than the past week, when I shifted to neutral, I've been bullish this year. I haven't turned bearish, I'm just trying to view the charts objectively and react accordingly. A high-volume selloff on Feb. 25, accompanied by a fierce rally in bonds, caused me to pull in my horns and close some of my longs. I might rejoin the bull camp, but I'd like to see a few things happen first:...480 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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