Since Kevin Cook stole my thunder and took the market being rigged story, I have to go with a backup of sorts.
First, I recently changed which side of the fence me feet rest on, and while I was among the biggest bulls out there, I am no longer a belieber. I mean a believer.
Yes, the gains were big, and they were had... but we recently saw several indications that the top was being put in (PUTIN) and there are now more reasons out there to be bearish than bullish.
Let me give you the key ideas as to why I am now bearish.
Goldman noted that 1Q14 warnings will be substantially higher
Inflation is accelerating, and it has been forgotten about.
Growth is slowing.
Ides of April is upon us.
Simply put, I see many more reasons to sell here and move more into cash than to be buying at these levels.
This brings me to my question.
Is this a suckers rally or a bull trap? Or am I out to lunch?
Knowing that the first question gave the bulls no wiggle room, I decided to throw in the extra idea of me being out to lunch.
So what say you? Am I out to lunch or is it time to take some profits and get ready for the Ides of April?
Chime in below and let your position be known!