The market keeps going up. The article explains that the fundamentals are still strong.
Submitted: Jul 15, 2007
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Market psychologists usually look for everyone to be thinking the same way as a sign that the market is about to turn. All but a few holdouts say it is going higher. I remember many times over the last several years when, after days and days of selling, you couldn't open the WSJ without some analyst being quoted saying that it is going to 0. It didn't go to 0 and it isn't going straight to infinity now.
Posted: Jul 15, 2007
I think there is a place for pessimism but it ain't here. The market is going higher. Corporate profits are flush, interest rates are low, and central banks are pumping the cash. Give me a real reason the market will fall and I'll listen to you. Saying that it's going to fall because everyone says it's going up is a bad bit of logic.
Posted: Jul 16, 2007