03.13.2010

No updates per se yet (unless you follow me on Twitter), but I'm still amazed at the amount of people expecting some massive selling to just start up on the markets. Could it happen? Possibly, but then anything could happen. Everyone seems to still be stuck in pre-March 2009.

The objective evidence shows that this is a very strong bull market, and the last recent low has had fantastic gains. On every timeframe the market is in an uptrend... any call to the other direction is just a guess. Of course, fading a trend is not a bad trade... but I see absolutely zero reason to expect some massive bear market to kick into effect. The bears are still trying to find their hides after this massive skinning.