Quite the Collection of Bears who are transforming into Bulls recently

bull

Steve Leuthhold, Robert Prechter, Bill Fleckenstein, Jeremy Grantham, Doug Kass, Marc Faber………quite the list of bears turning bullish. All are suggesting now is the time to start buying stocks. Many warn that we may still see the S&P 500 at 600, but that picking bottoms is a fool’s game.

bear

We certainly have a very oversold market – the largest variance below the 200 day moving average since the ’30s. Today we had 50% above average market volume, great breadth, and overall an impressive day. New lows have been contracting for months…

Talk of the uptick rule coming back soon, as well as some changes to the mark to market rules………

But Nouriel Roubini says today we’re headed to Dow 5000……..

Time to start to buy equities?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: