imported post
Well my short term timing has been hardly stellarof late. One big concern for the market is the rising number of bulls. The AAII sentiment survey came in today at57% bulls, 16% bears, andnot surprisingly, the market is taking a turn down.I kept hoping for a pullback in last few days of June so we'd see more bears.
A lot of people expected the market to rally once the June 30th "stuff" was out of the way. The market loves to do the opposite of what the herd expects. This time I was part of the herd.
Well my short term timing has been hardly stellarof late. One big concern for the market is the rising number of bulls. The AAII sentiment survey came in today at57% bulls, 16% bears, andnot surprisingly, the market is taking a turn down.I kept hoping for a pullback in last few days of June so we'd see more bears.
A lot of people expected the market to rally once the June 30th "stuff" was out of the way. The market loves to do the opposite of what the herd expects. This time I was part of the herd.