Yeah you got it right mate .The one thing that kept niggling in the back of my brain these last 4 or 5 years is that they've thrown everything bar the kitchen sink at this market but by fair means or foul it's shrugged it off .If it was going to fall over it could've done it dozens of times by now.
I'm fully invested ,but despite appearances I'm not a bull ,I'm a realist . This isn't a blowoff because everyone's still sceptical ,there is still a motza on the sidelines .We're in desperate need of a pullback but it just doesn't want to do it.You need to ride it ,there's nothing out there in the sentiment or expectations that indicates to me that people are readying themselves for a big surge up .
To me ,that's just as likely as a leg down ,but as always put yourself in a position where you suffer little pain whatever happens
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Yeah you got it right mate .The one thing that kept niggling in...
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Peter Batten, MD
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