Now that I’ve whined about people flinging cyber poo at me for being bearish, a friend confided he wanted to tell a few blow-hards where to get off. Funny how the tables turn so quickly in the analysis biz.
Here’s the deal. I did my analysis and though painful I stuck with it. One day does not make a bear market but I cannot be swayed by the day-to-day unless it knocks my analysis on its tush. The stock market will be lower later this year than it is now, in my view.
Take a look at gold, too. Short-term breakdown. I am still a long-term bull.
Have a good weekend. I am visiting my daughter at camp. And don’t worry stalkers, my house is fully staffed with relatives while I am gone. I am hoping the teenagers keep the party to under 100 kids.
