The cyclical bull is not over yet. Money managers who learnt that they have to side step the cyclical bear in 2008 are like the generals fighting the last war. They will have to come back into this market and this will take the market a lot higher.
Bulls will get to do one more victory lap. And after that, it will be all over. The cyclical bear will take time to form and will be very slow but brutal. So, time is now again to trade momentum but keep taking your profits.
Sunday, January 22, 2012
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