Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

there just isn't anything right now in my little devious mind that justifies any huge bearish stance.

It's funny that you should say this today. This is an excerpt from an article at thestreet.com. I'm not really into the whole 'contrarian' thing per se, because I think it relies on at least two faulty assumptions, but at times there's a point to it.

Remember, too, that the market is more devious than any one individual can ever imagine being. <g>

"Well, isn't sentiment a funny thing? On Monday, people were advising us to be wary of the market. After Tuesday's rally, I heard the exact opposite, one of the first signs I've seen that sentiment may now be heading toward extreme bullishness.
Sure, this is just an anecdote, but I still want to share it. After Tuesday's rally, I saw a TV interview with a strategist who said she was bullish in March. (These days, we can't seem to find anyone who admits to being bearish in March, yet they all claim they were bullish because everyone else was bearish, but that's another discussion.)

She explained that she's bullish now because there are so few reasons to be bearish. There's no logic to that. If she was a contrarian in March because there was too much bearishness, then if so few reasons to be bearish exist now, wouldn't the contrarian view be bearish?"