Bullish case hinges on the U.S.
September 08, 2015 01:00:00 AM
The bear case is fairly compelling right now. However, it seems always to be compelling because it plays to our basic instinct of fear, which can often trump greed -- the other basic instinct driving stock prices -- fairly quickly and unexpectedly. This could turn out to be a good year for bearishly inclined chart technicians, but that's after getting it mostly wrong for the past six years. I track death crosses and other technical indicators, but I don't give them as much weight as I do the economic and earnings fundamentals.