Replies to post #107260 on Zeev's Turnips Patch-No Politics (ZEEV)

[Alex G]

"I have over the years come to believe that the market will confound the majority "

very true, mike

but have you checked the "majority view" at this time

it is embarrassingly bullish

the bullish camp doesn't even consider the possibilty of new lows in the market

"The Bottom is in!"... Let the trumpets sound throughout the land....

"ya betta getcha bull market on"... "train is leavin the station"... yadda yadda

so.... ??

[MKT_entropy]

[...I have over the years come to believe that the market will confound the majority...]

mike, while you present a well-reasoned position, wouldn't you think that since the market has been 'unexplicably' going up for the past two-three months, that this represents the beliefs and actions of the majority? Wouldn't you think that in such a situation, confounding the majority would mean taking a good dive in the near future when many, like you, announce the 'new' bull market? If you disagree, how do you decide who exactly represents the majority, whose actions are reflected in the prices and indices?

M_e

[in edit, I see others have picked up on a similar point--and complimented you on your posts. Please continue.]