Am I a Bummer, Or What?
OK. OK. OK. I know. Things are “all better” now, right? This seems to be the general mood on Wall Street and around investing circles on Main Street. There’s a feeling that things are getting better. The market has put in a fairly impressive rally for a couple of months.
People are starting to ask about when I am going to start making them some money. For the last year plus and some change, folks have been OK with simply having avoided the train wreck that the market is. Now, I can feel a shift back toward that old, familiar “left behind” fear… and some performance anxiety building up amongst the natives.
This has got my antennae up. But, putting the recent performance of the stock market aside, I’m having a whole lot of trouble finding the signs of recovery…. Is the recovery a mirage? Are others seeing things that I cannot?
As for me, rising interest rates and energy costs might be enough to derail this figment of a recovery, if it was even there. Or maybe the perceptions of a possible derailment of a potential recovery? You get my point, right? It is all a little nebulous at present.
Click to enlarge
So, what to do? Here’s the answer… Back in December I put together a post about “Market Timing for Dummies” and explained EXACTLY when I would call this a Bull market. If you take another moment and read the article, then you’ll see that “we ain’t there yet”. Doesn’t mean we never will be… just not yet. Here’s the latest chart to go with a re-read of the article.
