Stock Market Going Nowhere

Recently a couple of subscribers have given me a hard time regarding my continued bear market predictions. I do indeed see the current rally up as a natural reaction to the first big decline from 2007 through March of 2009. I see no reason to change that view at all. I realize it’s very difficult to vote against the crowd, which explains the criticism from at least one subscriber who dubs himself a newsletter writer and a professional investor. No doubt he sees the opportunity to make money championing the bullish case, and I must say that from an emotional standpoint, the longer the bull market lasts the harder it is to stay bearish. So I too feel the pressure to go against my better intellectual judgment and to …