Wednesday, August 08, 2012

Contrarians Watch for a Correction

$$ - Contrarian alert! Is the stock market about to take a tumble? Here's a column from Hulbert who notes that bullishness is back above where it was at the May highs.
My thoughts... It is still the summer season, and as the market goes higher I've noticed the tweets and blogs asking "How is that Sell in May working out for you this year?"
Truth be told, similar to every year.  The market gets range bound, and folks get bearish at the bottom of the range and bullish at the top of the range.  Maybe it will be different this year.  While Sell in May works most years, it doesn't work every year.

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