Please tell me you're paying attention to what's going on.
Are you looking? Are you listening?
Are you taking notes?
This is what bull markets are like. This is literally what happens in every bull market.
Stocks go up. But people keep telling you why they'll stop going up.
More and more stocks go up, and then people tell you that breadth is weakening.
More countries and more groups of stocks join the bull market and start to go up too, and then they tell you that it's a bubble and is not sustainable.
More stocks than ever go up, and they tell you that it's a parabolic melt up, and just you wait....
I hope you're paying attention.
Europe is hitting new all-time highs. Hong Kong is hitting new highs. The US Indexes hit new all-time highs 2 weeks ago, and are just a few points below those levels.
Yet despite all of that, we're seeing bearish extreme readings that have rarely ever been seen before in history.
This is what a bull market feels like.
I've been through them. I've fought some of them. I learned all this all the hard way. By paying attention. By making dumb mistakes along the way.
The bottom line is this: Stocks go up in bull markets. People just don't want to embrace it.
Textbook.
So we're thrilled about it obviously because as we discussed on Monday night, we've been buying the crap out of these China stocks, and Europe and Industrials and so many other areas that are working so well this year.
Buying stocks during bull markets is historically a sound strategy, particularly when sentiment is this bearish.
So that's what we've been doing.
Why would we do anything else?
Click here to see exactly what I'm buying, why I'm buying it, and what I'm looking to buy next.
It's time.
You earned it.
JC
