I.C. Angles Investment Post…

A good stock market analyst looks for reasons a rising market could fall and a falling market could rise. On that note I have found and written about many reasons why this bull market could reverse. I have even gone so far as to declare risks of a bear market are rising. And I believe stock market returns over the next 3-5 years are likely to be poor. But I have not declared a bear market imminent or urged adopting a defensive portfolio posture. The reason for that is simple. I have been listening to this market and so far it has been saying stocks will keep rising. That might be changing as the market struggles to make meaningful gains since the Fed announced its exit from QE. But so far the benefit of doubt needs to be given to the bulls, as this market has managed to make higher highs. The price action remains positive, and buyers have been stepping in where they should to keep it that way.

(more…)