Stocks hit a fresh new record high today. The cockroaches are out trying to time the top.
They don't call for a modest pull back, but an all out market crash.
I could go on and on and on. Every day some else calls for the stock market to crash. You know what's missing from their market crash predictions? How they were long the market the last 5 years. We've endured the most prosperous bull market of our lifetime, yet the bears, the shorts, those calling for a market crash have yet to profit from buying stocks.
Correct me if I'm wrong, but if all these bearish pundits.... all these crash callers were long the market and making big profits.... would they be calling for a stock market crash?
If you were long stocks, if you had your retirement money in stocks, if your family was also long stocks.... would you be calling for a crash?
My point is this. The bears for the last 5 years have no skin in the game on the long side. They are short this market or even more likely they are now broke and disgruntled.
There is nothing wrong with being wrong. I'm wrong all the time.... but I'm not out calling for a market crash every week.
4 years ago Ben Bernanke said he was going to support risky assets. The stock market is exhibit A. Ben Bernanke succeeded. He was upfront from day one He told you what he was going to do. Those who didn't listen are still calling for a crash. They may be right at some point. But I'd rather make money being long, than fighting a battle that has never been won.