There are fewer bulls today than 6 months ago, according to Barrons.com big money poll. The bull is tired. It's worked so hard the last 5+ years.... or has it. Has this bull been plowing the fields? Cleaning up trash? Raising capital? Selling unproven health products to minorities?
The term "Bull", when used to describe the stock market, is used to describe an environment where stock prices go higher. The term "bear" refers to an environment where stock prices go lower. It's not a real Bull, or a real Bear. How can a fictional Bull ever get tired? Did the artist rendering the fictional bull run out of ink? Has the imagination of those reading this fictional bull story gone blank? Has the farmer raising fictional corn deemed the "bull" to tired to work the fields? A fake bull can never tire! Don't give me that other bull crap.
I've said it over and over, and the over and over again. This market has loved excuses to sell and each of those excuses have been great buying opportunities. I enjoy reading Barron's Saturday morning with my coffee. It takes gonads the size of an imaginary bull to say $FB is heading to $15, or in 2011 to say we are in a stock bubble. A centrally bank manipulated equity market is indeed a bubble, but don't tell me its tired.
If you follow this market long enough, you will realize one thing....
No one has a clue.
Central banks, CNBC, financial analysts, financial publications, the IMF..... no one has a clue. And that is what makes this market so great.
So don't tell me this bull is tired. I think its primed for higher prices. This market is heading higher, I have no clue...