Minor Correction or end of the rally?
The rally that's been going on since the middle of summer has me completely perplexed. The fundamentals of the US economy look bad to me, but investor sentiment is very high. What's up with this? Is someone putting happy pills in the watercooler?
According to John Mauldin we are in a bull rally in a secular bear market. I find his reasoning convincing, but I'm still perplexed.
Oh well, Jesse Livermore said you could make money in any market if you could just spot the main movement. With some of the short ETF products this just got easier to do.