Another Investment Bank Bearish!
Goldman has been bearish and states it again. Gundlach says to sell everything. Other big investment banks have been bearish the past couple of months. We do not think we have seen this type of bearishness before in a market that has been moving higher. This type of market opinion is usually reserved for deep in bear markets. Go figure. We think they see how bad earnings are and how slow economies are both here and around the globe but…CENTRAL BANKS CONTINUE TO RAISE THE BAR…and that’s keeping the move going. We are also being told how bad August is for stocks. We shall see!