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[QUOTE="rip7774, post: 3552767, member: 320"]
Can't stress this more. CNBC is for ratings. When market has a good day, they bring on a permabull. When it's bad they bring on a goldbug or someone bearish on the markets.

I'm pretty convinced a large reason we have rallied off the lows so aggressively is two-fold. Fed was proactive instead of reactive like in '08, but an underreported phenomena is so much of the smart money was on the sideline and near unanimity on Financial Twitter and TV among managers that we had to retest the lows. I've been on Financial twitter (FinTwit) for years and culled the list of whom I follow pretty lean - yet most of those were ultra bearish even after a 15-25% rally off the lows.

[U]The market is often (not always) about chasing where is the most pain and inflicting it.[/U] No doubt in my mind, the pain trade was higher with so much $$ on the sidelines. It's so painful or those guys to see the Nasdaq back to even while they're down huge.  Just as near unanimity it would be another banner year this year with economy so strong heading into it. Remember this!!!
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