Linda Raschke Blog

"We have great values in our portfolio."  translation - Our stocks have been massacred.

 

"The market sold off on technical factors."  translation - We have no idea why the market went down.

 

"We are short term cautious but long term optimistic."  translation - We want to be right no matter what happens.

 

The market appears to be at one of those critical junctures where everyone wants to be bullish short term because the market has been going up, but still claims to really be bearish for the longer term.  I think this type of thinking is what has exacerbated the dog-pile in, dog-pile out psychology that has characterized the market for the past year....