As an analyst said today after the market failed to rally on super positive guidance from economic tell-tale and staple Intel... "It's just telling me that this market has about as much good news baked into as it can take. We're at that point now where there is no more good news that could come out that can really juice this market."
Check out the below link for more insights on a market that has risen and continues to go up, despite fundamentals. For those that think that a constant bearish montra (based on fundamentals) is self-denial or just repition of whats wrong - consider the moves in the market in 1929-1954. Sure there were some super rallies, but they we contained in an overall struggling market. The market didn't return to its pre-Depression level for 25 years. So rallies can feel positive for extended periods of time, but true monetary gain comes either from short-term trading (which i dont have the stomach for and neither do your 401(k)s) or conservative monetary investments (i.e. bonds, treasuries, foreign exchange, etc).
HERE'S A GOOD ARTICLE/COMMENTS ON ECONOMIC FUNDAMENTALS
Hope people appreciate the humor of the picture (which was created and donated by a loyal reader)!
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