Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||It's 2008 Again; entered at 2012-02-09 15:00:16|
The key change for me has been sentiment. Whereas late last year there was a fair bit of caution around and people werent so secure (almost expecting bad news), it seems to me that people now have a more bullish bias. In particular how many times do you read that things are "priced in" now?|
When sentiment turns bullish you then have a much greater chance of bad news causing a larger correction or even a crash. Esp when you see even the "bears" start to call markets higher.