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......I tell you why I am Bullish the US stock market for as long as I live....
1. TOO BIG TO FAIL - common geez we've been bailing out banks left and right during GFC and well after that too because they are TBTF. And you think the world will let the Great Almighty USA fail? No way Jose! If USA Coughs, the rest of world catches a cold....maybe a cancer. USA and the DOLLAR cannot fail and so it will never fail!
2. Stock market is a function of Supply and Demand like many other things. More buyers than sellers? Then it goes up. What if someone (let's say the FED) keeps on feeding you CASH.....will you buy more stocks? Sure. Yellen and Dudley combination (THE SUPER DOVES COMBO) will guarantee a QE Infinity until kingdom come. US sees zero inflationary pressures and jobless rate will never go back to sub 6%. They'll just be busy changing green inks at the printing press all day.
3. Now, I've been visiting at least 3 dozen blogs over past couple months and I find it amazing how those who are willingly provide views are mostly All BEARISH. It just troubles me that so many are devoted toward a thesis of USA collapsing or stock market going to ZERO. It's a cult.....maybe the EW P3 cult that is devoted to luring in more and more people and converting them to doomsayers. As a contrarian, I will BET everything that I have that market will NEVER crash for as long as all online bloggers retail mega bearish. It's a zero sum game and unfortunately majority loses!
I don't agree with the first two. USA will fail just like Roman empire or any other who were seen invincible for 100s of years. But that's not the issue. I never said the market will crash to zero. I think the conditions are very similar to 2011 top and a deep correction is overdue. I have made loads of bullish calls in the past and I will keep doing every time my declining channels break up.
On the 3rd point. You are right. The blogsphere is supplementing the bearish view more than the bullish so people short more and the rallies are sharper due to short squeeze. But you are wrong about the power of blogs.
The markets may go down. It's not a big deal. Get over it.
......I tell you why I am Bullish the US stock market for as long as I live....
ReplyDelete1. TOO BIG TO FAIL - common geez we've been bailing out banks left and right during GFC and well after that too because they are TBTF. And you think the world will let the Great Almighty USA fail? No way Jose! If USA Coughs, the rest of world catches a cold....maybe a cancer. USA and the DOLLAR cannot fail and so it will never fail!
2. Stock market is a function of Supply and Demand like many other things. More buyers than sellers? Then it goes up. What if someone (let's say the FED) keeps on feeding you CASH.....will you buy more stocks? Sure. Yellen and Dudley combination (THE SUPER DOVES COMBO) will guarantee a QE Infinity until kingdom come. US sees zero inflationary pressures and jobless rate will never go back to sub 6%. They'll just be busy changing green inks at the printing press all day.
3. Now, I've been visiting at least 3 dozen blogs over past couple months and I find it amazing how those who are willingly provide views are mostly All BEARISH. It just troubles me that so many are devoted toward a thesis of USA collapsing or stock market going to ZERO. It's a cult.....maybe the EW P3 cult that is devoted to luring in more and more people and converting them to doomsayers. As a contrarian, I will BET everything that I have that market will NEVER crash for as long as all online bloggers retail mega bearish. It's a zero sum game and unfortunately majority loses!
I don't agree with the first two. USA will fail just like Roman empire or any other who were seen invincible for 100s of years. But that's not the issue. I never said the market will crash to zero. I think the conditions are very similar to 2011 top and a deep correction is overdue. I have made loads of bullish calls in the past and I will keep doing every time my declining channels break up.
ReplyDeleteOn the 3rd point. You are right. The blogsphere is supplementing the bearish view more than the bullish so people short more and the rallies are sharper due to short squeeze. But you are wrong about the power of blogs.
The markets may go down. It's not a big deal. Get over it.