Bullish Market View
I’m bullish on the market for now.
Average PE’s are uber-low and the market has been generoulsy “peppered” with the negative sentiment and fallout expectations for months now. I think the skepticism is “built-in” into current prices, most of them anyway.
This may even explain why there were almost no serious on the way: the rise has been moderated by all the negative news that came in gradually. Not an overnight realization.
Inflation is a bit of an issue, of course…
More on this topic
(What's this?)
Marc Faber: Massive Inflation and then War
(Expected Returns, 7/14/10)
Sentiment Swings From Bullish To Bearish
(Disciplined Approach to Investing, 7/22/10)
Our Man Chuck Turns Bullish as All Get-Out
(, 7/11/10)
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