I was asked the other day what I thought about the markets and the tear they seem to be on once again. All I could do was shrug. The person then followed with “But you had so much to say before?” of course the person was trying to goad me but hey, it comes with the territory.
As many of you know I have written many articles on why I believed the markets are not acting in ways one would presume. I wrote many times why I felt as I did and gave the reasons why. They’re all in the archives, and unlike most, I haven’t run away from what I’ve said or wrote. However, with all that said, as of right now my warnings could be looked as wrong. The market continues to climb higher by the day. Not only higher but within spitting distance for many indexes to have erased 2008 as if it never happened. No one could be happier at being wrong than yours truly. But saying I’m wrong doesn’t mean I was not “right” in my reasoning or my conclusions to the perils or pitfalls possible. (and are still very present)