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Kass: Bet Against These Three Clear Trends
This blog post originally appeared on RealMoney Silver at 7:37 a.m.
I have consistently pooh-poohed the notion of a "negativity bubble" that I have read about on RealMoney and elsewhere for the last year. It was not founded in rigorous analysis, but the message was simply delivered by the dual and dangerous biases of partial and confirmational observations.
Stated simply, markets don't typically crack in the manner they have in the last six weeks when bearish sentiment is pervasive.
No way, no how. ...
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