Empty pockets never held anyone back. Only empty heads and empty hearts can do that, – Norman Vincent Peale
We have published several articles over the past few months refuting proclamations from experts calling for a crash, two of which are Market sell off time to panic? And The Dow index is getting ready to soar. Instead, we viewed each so-called crash event through a bullish lens. We even went so far as to tell our clients to celebrate while the markets were pulling back, a practice that is unheard of today.
Look at the bright side; you get to do something you have never done before. Drink while everyone is screaming bloody murder and sing when the markets are sinking. Who knows you might be a budding singer in the makings. Yes, most will call you insane, but instead of being stricken with fear, you will now be the master of your destiny instead of a slave to another’s. Drink and be merry for the markets are letting out some well-deserved steam. We see no reason to worry and no reason not to sleep well at night. Interim Market Update July 9, 2015
New phrases have been coined to put the fear of God into the masses. Earnings recession is one that comes to mind. Yes if things were that bad, and then pray do tell, what gives, why are the markets trending higher.
The comical fixation on whether the Feds will raise rates is another clear way to miss what is going on right in front of your eyes. It reminds us of a silly young girl pulling the petals of a flower and saying “he loves me, he loves me not”. While the masses fixate on what effect a rate hike would have on the markets, the markets have already moved up from their lows and dangerously close to testing their highs. So if you continue to follow the talking heads, you will always be one step behind, and the only thing you will have to show for you worry is a bag full of dust.
Even secondary indicators can be used to create a bullish argument for the markets and offer a more plausible scenario than what is being offered by the Doctors of Doom. For the record, we never rely only on secondary indicators. Our main indicator is our trend indicator, which is bullish and as long as it remains bullish we will not think of shorting this market.
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