MSNBC
We are in a bear market. Might not seem that way to all but we are.
The top was in July of this year and we are now floundering about trying to put in a lower -- secondary top in most indexes.
As with the wall of worry in a bull market there is a Slope of Hope in a bear. Better get used to it,
Here some of the refrains one will hear as part of the Slope of Hope
1. the fed will cut again
2. banks will refinance
3 real estate is not really that bad
4 the UAW strike wont be long and wont affect anything
5 89 million without health insurance does not matter nor will it affect the market
6 politics does not matter to the market
7 wars dont matter to the market
8 inflation does not matter
9 consumer confidence does not matter
10 car sales dont matter
11 a falling dollar is good -- the more the better
12 inflation is good for the market -- the FED will print us out of trouble
13 sentiment ain't that bad
14 the short interest is so high stocks cant go down
15 there are many good sound businesses out there
16 so a few companies go bk who give a rat's a**
17 the 4.5 year cycle bottom is in so we now must go up for years to come
18 democracy is taking over the world and thus people will just buy stocks forever and never sell.
These are just some of the hopes and prayers of the bulls in the bear market
Edited by zedor, 25 September 2007 - 10:06 AM.