Zeev - At least one other bear lives (Adam Hamilton), and he is quite convincing.
>>>So, in addition to the war rally having to contend with an overwhelming long-term valuation headwind, it is also fighting against the endless short-term emotional market cycles. Extreme greed, as we are witnessing today, is always the fertile breeding ground of major downlegs, not continuing sustainable rallies. The war rally was impressive, but can it defy the odds and keep running significantly higher when popular greed is already redlined?<<<
Enjoy the weekend all - Cy
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