The Next Bubble: Pessimism

The Next Bubble: Pessimism by Paul R. La Monica (CNN).

Personally, I think Paul is an idiot. He's been a headline permabull for CNN through this whole debacle and hasn't been right once. I do like this article though. If pessimism is the next bubble, then I got in at a great value. His point is valid, but attitudes as much as fundamentals drive markets. Pessimism has reached a true "top" when all the calls for a bottom have been flushed from the market. We're no where near that yet. Bulls will get crushed, bottom feeders will get crushed and anyone who tries to catch falling knives will get crushed (skewered...whatever). C'mon over Paul, the bandwagon is waiting for you. I will call a top to the pessimism bubble once every ounce of bs permabull cheerleading has been sucked from your clueless articles.