The bear market is bull

The current bear market was ‘seen coming’ by many commentators, the people who believed this have an agenda and reasons for their thinking just as much (although in equal and opposite directions) as ‘always upwards’ promoters have. In other words, trees don’t grow to the sky, but equally their roots don’t grow down the centre of the earth.

Daily on bloomberg, yahoo finance or tech-ticker, CNBC, CNN and other channels there is a select group of commentators who are building notoriety on the basis of having seen the ‘bubble forming’ and while I commend them on this, and have gained some great insight from many, there is a fly in the ointment, that of the unexpected, that of a market that always does what hurts the most people.

The point in this: The super-bears are (in my opinion) about as accurate as the super-bulls. I had an idea last week of deciding that I might start to say ‘we are going to see a recovery, we are going to see a serious market …

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