The top is in!
I'm not going to get into it again, we know who the widely followed bearish bloggers are and just how bearish they've been the last 10 years. We also know just how puffed out their chests are this morning as an inverted yield curve has crushed stock futures.
The top is in! Clearly. Right?
And these moves always have the same negative tone. Fear that the top is in. The stock prices will never trade higher again. And yet months, weeks, days, and sometimes even just hours down the road the market dusts itself off, and moves higher.
That's what its been doing. And I don't think that's going to change. But what do I know. The price action the last 10 year has done ALL the talking. And that is what I am listening to. Save this post for later this year when stocks are at record highs again and all those top callers and bears are hiding in their caves again, adjusting all those giant red arrows pointing to a market crash.
Is the top in? Heck no.