In The Lonely Bull

How quickly emotions shift for investors these days. Fear and loathing one day and love the next.  Maybe not quite so fast, but you get the context.  Fortunately, underlying trends within the market have been pretty consistent. Stocks are being accumulated.  Business cycle sensitive sectors like the industrials are showing particular strength forecasting a better environment for stock market returns.

Maybe, we all get fooled, but this market’s underlying technical strength and recent resilience indicate higher prices. In fact, we expect a breakout to new highs soon.  The amount of ongoing accumulation cannot hide indefinitely and will finally work through most cautious sellers.  Time to fall in love again; stay steady, my friends.

The Lonely Bull


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