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It’s Really Not That Hard.

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With the $DJIA hitting a brand new high last night, things are looking more bearish than ever out there.

Yes, you heard right – bearish.  Apparently, according to various bloggers everything is over-bought.  Nothing can go up anymore, because there’s no-one left to buy.   Copper isn’t going up.  It’s obvious to everyone, this thing is sunk.

Huh?!  What?

Let’s take a look at the facts, here.  Real quick – it won’t take long, I promise; in fact, the quicker you look the better.   You don’t even need to look at the names on the charts, I’ll tell you later.

Alright? On your marks!  Get set!  GO!!

ASX200 dly

SP500 dlydaxnikkeiPicture1

 So?  What Do You See?

What do you notice when you flick through those charts?  How many are going down?  Any?  Oh, really - none?

Wow.  So, the $DJIA, the $SPX, the $NKY (Nikkei), the $DAX and the $EWA (Australia) are all going up!

The whole world is going up right now, folks – you might just want to think about buying something.

It’s a bull market, you know.

Mr Partridge, Reminiscences of a Stock Operator.

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