Be Contrarian; Believe a ‘Real’ Bull Market Is Starting

Monday, January 31, 2011

When I wrote “Time To Be A Contrarian” last June, the Dow Jones Industrial Average (DJIA) had fallen to the 10,000 level. Mega/global fears swirled about. The contrarian position was “easy” – buy US stocks. “All” it took was focusing on company fundamentals, ignoring the scary news and going against what our stomachs were saying.

Today, the picture is significantly better. The DJIA is 20% higher, the Fed is keeping its easy money policy, economic indicators are improving and company earnings continue to grow. Add to that: Investors have started to buy US stock mutual funds again.

So, what’s to be contrarian about?

(more)

This article is posted on SeekingAlpha.com.

Tags: , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.

Search

John Tobey on Seeking Alpha

Seeking Alpha Certified

January 2011
S M T W T F S
« Dec   Feb »
 1
2345678
9101112131415
16171819202122
23242526272829
3031