Hey ChrisFord,
I can tell you I have DEFINATELY missed the boat. I can tell you that markets are completely dysfunctional at the moment and are driven 150% on the fear of missing out. I can tell you that IF the bottom for the year is in place in March, this market will finish on its highs for the year.
If there is going to be a pullback, we sorta need to see it quickly. Running out of months and underperformance is a killer. Come November, when all these funds that have been caught out and underweighted, are going to send this market to an explosive year end close.
Might have to wait for mid next year for a pullback, and it's looking like that way.
History in the making here ladies and gents. Quite possible to see the SPX double before making new lows....and we'll say "I knew it wasn't fixed".
Still a bear, but a tired and increasingly lonely bear.
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