If it wasnt for the bears (who shorted the stocks, sold those calls) how would the bulls buy their Yachts,Mansions,New cars
Some day we'll all end up here
All these bears make me want to put my bear costume on and run like the wind.
If you take a step back, being bearish right now is like a guy in New Orleans a week after Katrina going "We're about to get a big hurricane".
So its right?
Hurricane Rita hit ~ 30 days after Katrina
A couple of months ago I would have called them crazy. But, I don't think I'm a permabear anymore. Not a permabull either, but I wouldn't count out 1500+ by end of year.
Not saying it'll happen. But I think we're looking more bullish than bearish right now. Between us making new lows and new highs I'd have to say new highs are coming.
New 52 week highs made yesterday thanks to the extreme hsm bearish sentiment.