Funny, there were no "believers" to be found on ET just a couple of weeks ago . . . but now there are believers all over the place here! That's what a 6 consecutive week rally will do for people. And the bullish sentiment numbers that came out on Thursday confirm that. Hmmmm....
I do sense though that sentiment is improving-big ISE readings this week-and I am looking for another, eventual leg lower. I'm waiting for a Zen like epiphany rather than get lulled short on some random correction day. In summary I'm ST (next week) bearish IT(next 5 months) bullish and LT (rest of our short wretched lives) bearish. Guess that confliction is why I'm flat stocks.
I do hate to be long in here but I just sense that there are too many bears and getting more bearish all the time. We'll see
I've made all my money developing real estate, in the family tradition, and have spoken about it at length on here.