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Greg, you don’t have to be defensive for appearing like a “permabull”. So far your thesis for markets action has been spot on and held up very well in the period I’ve been following you. However, you keep promising that you would indicate whenever market dynamic reverses, and you are also being honest about not knowing when such reversal will happen. Fair enough. Still, this is very bold statement. By the way, telling us AFTER market drops 10% would not count as right or worthwhile call.
It’s straight out of the totalitarian handbook. Crisis, relax to a painful new normal , more intense crisis, relax to an even more painful new normal. Repeat until the Will of the masses is broken.
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