Rant warning
The battle we bears fight every day is from critics, not the market. Someone told me I have been bearish since he has known me although he did temper that with acknowledging I went along with the 2009 rally (well, a good chunk of it). I got the same treatment last week when my intermediate-term call was interrupted by a short-term rally.
The truth is that bearish newsletters do not sell very well. I would love to be bullish and that was the impetus for today’s Barron’s Online column (commercial vehicles and trucks). It is one of those “in case I am wrong” analyses but it is dependent on the market firming. At least nobody can accuse me of not keeping an open mind.
Do you want the truth or do you want me to agree with your opinion? They may be the same thing but if they are not then you (and I mean the generic “you”) are the one with tunnel vision, not me.
I want to be bullish for many selfish reasons including newsletter sales. Tell that to the market.
Rant over
