Tuesday, February 9, 2010
Big Picture TIme
The three pictures tell quite a story while the markets are correcting. If you have been following my blog, I turned bearish second half of 2008 reached the point of maximum bearish in March 2009 and turned bullish since then. While the market begin to show some downtrend, this time, there are no good reasons for me to turn bearish. It's because the fundamentals painting better very bright days ahead. The worst of unemployment is certainly over, non-farm payroll started to expand rapidly, unemployment certain peaked out and consumer sentiments are getting better. All these will lead to consumer spending again. So it is a matter of time that stock markets are going higher again.