"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness..."
Charles Dickens, A Tale of Two Cities
Charles Dickens' well-known quote perfectly explains what's going on in the markets today. On one hand you have the bull encampment saying we're going to go higher and on the other hand you have the bears arguing that stocks are over-valued.
So which is it?
It is times like these that can drive investors crazy and frequently drives investors out of the market completely. I prefer to think of myself as a hybrid that is neither a bull nor bear, but someone who relies on the market to give them the answer to the trend. [Read more...]