The more that people scream "Bear", the more it will continue to plod on upward. Will only crash when talking heads scream "Nothing gonna stop this market".
At least read the article before you pontificate. “We’re definitely late cycle,” explained Cohen, who rarely comments publicly about the stock market. “So at some point we’re going to enter a bear market, and it’s going to happen in the next year and a half, maybe two.”
The media's agenda isn't to relay information, its to steal readership from competitors. So its no use publishing a story in which everyone agrees, they need conflict. If 99 people say the weather is mild for the time of year and 1 lone guy says snow is coming, who's going to get the coverage? And if he says its going to be the mother of all blizzards - he's guaranteed a quote per week for the next year.
%% GE has been in a bear market since priced about $60. NOT a prediction. As far as stats, OK,on averages; they have been late cycle since 4 years old +/for a bullmarket; bears are usually shorter, time wise.[Edit, good video+ on SC,[Stacy C, NYSE.....]
Yeah a one that he is causing by himself with statements like this for him to profit off when the market really panics. I bet you he's short right now.