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Subject:  Re: Bear catchers Date:  2/26/2013  8:36 AM
Author:  mungofitch Number:  241879 of 253809

"if [whatever], is it really worth betting on a rising market this month?"
In normal English usage, a statement like this usually implies that the "whatever" is presently the case.
...
Gee, I wonder what my native language was, growing up in Seattle, because I never saw that
assumption made in the absence of an actual assertion that at least some part of the "whatever" is true.


Hey, no sweat. What I said was indeed a bit ambiguous.

Instead of saying
"if [whatever], is it really worth betting on a rising market this month?"

It would have been clearer for me to have said...
"if [whatever] is true at the start of any given month, is it really worth betting on a rising market that specific month?"
That was my intended meaning.

Since I said "this month" one might reasonably construe it to mean NOW (end of Feb 2013), which wasn't my intended meaning.

The omens are indeed mostly pretty good at the moment.
Rising market on almost any time frame, good season, good breadth, new
recent high, high liquidity, high profitability. It's even month end.
Valuation is very stretched but that says almost nothing about the near term.
The market is perhaps a little overbought, but a little consolidation isn't to be feared.

Jim
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