tag:blogger.com,1999:blog-6616959642391988608.post5606257306291806895..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: $16 trillion and countingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-58549456030846717332009-08-29T11:15:16.661-07:002009-08-29T11:15:16.661-07:00The market is going to be climbing a wall of worry...The market is going to be climbing a wall of worry for a long time, in my view. The fact that it has rallied so much is what scares people now. The point of my post was that despite the huge rally, things are still cheap and it is not really a scary proposition to be long the market here.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90938506035660162632009-08-29T10:02:38.382-07:002009-08-29T10:02:38.382-07:00If I were not a contrarian I would agree, but ever...If I were not a contrarian I would agree, but every trader at the gym working out is saying the rally's over, time to get out or short. I remember telling people that selling the bottom is more stressful than buying the top, because at least when buying the top, you are in and committed. What if the market just continues to climb a wall of worry for a long long time?The Therapist Is Inhttps://www.blogger.com/profile/07340602598063284934noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80479850728966447492009-08-28T12:22:27.972-07:002009-08-28T12:22:27.972-07:00But wouldn't you say that the "great boun...But wouldn't you say that the "great bounce rally" has already happened, or at least a significant portion? Up 50-60% counts as a huge rally in my book.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35128406580079079202009-08-28T12:16:42.574-07:002009-08-28T12:16:42.574-07:00I think those that sold are more in fear of missin...I think those that sold are more in fear of missing the great bounce rally and/or missing a new long term trend; doubt they are in fear of another decline; there is no bull like a burnt bear.The Therapist Is Inhttps://www.blogger.com/profile/07340602598063284934noreply@blogger.com