The contrarian wisdom being bandied about lately is that so many people are positioning themselves for a correction, that the contrarian view is actually to remain bullish and expect a continued rally in stocks. Itâ€™s just that MarketBeat seems to be hearing this from one too many people lately, as if everyoneâ€™s caught on to this â€œcontrarianâ€ viewpoint. Of course, the very mention in this blog probably predicates a contrarian contrarianist approach â€“ that is, if too many people are saying itâ€™s contrarian to be bullish and therefore, itâ€™s time to be bearish, mentioning this in a markets blog reverses that double-negative and puts the market back in the bullish scenario again. Think about that.
Posted by Tweet15 May 2007