'I am still yet to understand how to justify a bearish expectation other than past performance'
It's very very very easy, price is in a downtrend. Till that changes your swimming against the tide, all the love and joy in the world isnt going to change that.
Ignoring the trend/price action because it differs from your opinion is very foolish imho.
Might be wise to check out all the posts of the last 3 yrs. They all contain plenty of love and joy and yet it had zero effect on the s/p. Strange hey?
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