WSJ headline this AM - "U.S. Stocks poised to Enter Longest Bull Market" Might be time to reflect back on just how negative people were on March 9, 2009 "CNN/Money "Special Report issue #1: America's Money Crisis" headline:"For Dow, another 12-year low" money.cnn.com/2009/03/09/mar…
From the March 9, 2009 (stock mkt bottom) CNN story: "We're seeing more of the same," said John Buckingham, chief investment officer at Al Frank Asset Management. "With an absence of good news, the path of least resistance is down." "every rally attempt is being met with selling"
Nathan Mayer Rothschild reportedly coined the maxim:"Buy on the sound of cannons,sell on the sound of trumpets." With all these "longest bull market record" stories - anyone hearing the trumpets? No one can seem to see or hear the sound of Fed rate hikes &QT tightening(deaf&dumb)
Yet it was the Fed's QE (money printing) and record low interest rates that triggered this long bull run that started in March 2009 and sustained it. But the Fed's reversal won't have any effect? (deaf, dumb and blind)
