everyone's a bull now...
Posted: Mon Mar 24, 2008 1:56 pmAfter the rally over the last couple days I notice that even my most bearish newsletters have now become bullish in the near term (next several weeks to 2 months).
It's getting lonely out there in short land. Maybe I should consider throwing in the towel for a while too.
On the other hand, if EVERYONE is becoming bullish, then what does that say about sentiment? I keep thinking about how bear markets have the greatest volatility of all (both up and down), with the capability of sending bulls and bears into fits of ecstasy and anguish at a moments notice.
It's getting lonely out there in short land. Maybe I should consider throwing in the towel for a while too.
On the other hand, if EVERYONE is becoming bullish, then what does that say about sentiment? I keep thinking about how bear markets have the greatest volatility of all (both up and down), with the capability of sending bulls and bears into fits of ecstasy and anguish at a moments notice.