I don't see the fundamentals (real economy, fiscal, monetary) improving to support a channel breakout within the next 6 months. What do you think? - WendyI agree. While it's possible that the Markets (US & global) could break upwards, I see no fundamental economic reasons to believe they will. To the contrary, I see all sorsta headwinds that suggest a downturn in the Markets is the likeliest near-term outcome.Interestingly enough, though I'm short-term bearish, I lean towards an expectation of higher Markets by the end of the year. I happen to agree with those who believe that the suppressed yields in the bond markets will nudge investors towards equities. As a consequence, though I'm raising cash at present, I intend to plow that cash right back into stocks if and when there's a "correction."
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