tag:blogger.com,1999:blog-12333088.post9030778305478374719..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on October 21, 2014Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-14727281356005697252014-10-21T09:57:54.956-04:002014-10-21T09:57:54.956-04:00Carl, that's a risky statement. i concur that ...Carl, that's a risky statement. i concur that with QE ending one would expect a sharp sell off into November once the market realizes there is no more QE fuel. However another school of thought is that this rally is no different from all the other rallies we had this year after a sell off, all fast and furious once the lows are hit. I guess the bigger question is whether bearish forces on the 10 year yield, oil, Europe, gold, and the US stock market have all disappeared and all these markets bottomed. A thesis can be made that the market had been at oversold levels not seen since 2011 and new rallies that have legs have begun in all these markets. The alternative is what you hold which I think makes sense that a bear market has started, but markets are irrational and never make sense. So it can go either way, who knows.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.com