The Black Box

[mjk]

I think I read the same 4 and I see them everywhere...they don't have to be in the form of index targets, but all the people saying how bad the consumer situation is, housing bubble, etc...in general I think it's very obvious there are many more people bearish on the overall economic outlook.

And really, zeev has got everyone on his board set up to believe we peak in another 3 weeks and then the crash starts, and he's about as bullish as it gets other than the "superbulls" <g>, and that's not really bullish calling for a recession, bear market, etc for the rest of 05...I see a good number of posts everyday asking him if he's sure the peak's not already in because everything looks so bad.

I get the same consensus from people at work too...that they don't expect anything out of the stock market.