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IBDvalueinvestin (99.68)

Bad news keeps hitting the bears and they keep denying it.. Great contrarian play.

Recs

7

March 23, 2010 – Comments (5)

San Francisco Fed's Yellen sees U.S. economic growth of 3.5 pct this year, 4.5 pct in 2011 - Reuters

 

 

 

Says Fed's accommodative policy is 'currently appropriate', inflation subdued.

5 Comments – Post Your Own

#1) On March 23, 2010 at 3:48 PM, brickcityman (< 20) wrote:

What's with the need/desire to pick on bearishness? Are you really convinced that the bears are materially hampering the market?? 

 

If the market were in a downtrend and there was all this good news then that might be an appropriate time (and allude to it being a "playable phenomenon")... 

 

But instead it seems all is happy and rosey so why pick on the few (left) who disagree?  Whats the problem, is the market not rising fast enough to your liking?

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#2) On March 23, 2010 at 3:49 PM, simplemts (< 20) wrote:

Just like it is usually darkest before dawn the same can be said in opposite.  When everyone expects nothing but amazing things is when we have topped.

I am not saying I am a bear or a bull, but once you start quoting everyone saying only positive things you should be VERY worried as those expectations will be priced in.

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#3) On March 23, 2010 at 4:10 PM, jlmjlm77 (99.41) wrote:

Everytime stocks move up, I seem to hear things such as "this will not last" and "the good news is false, etc."  Mabye we might still have some more room to run.

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#4) On March 23, 2010 at 4:23 PM, ralphmachio (24.49) wrote:

Yeah, but not much.

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#5) On March 23, 2010 at 5:08 PM, portefeuille (99.61) wrote:

somehow reminds me of this.

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