Kass: Color Me More Bullish

This blog post originally appeared on RealMoney Silver on Feb. 11 at 7:49 a.m. EST.

I am getting nervous about being too short.

What concerns me are some sage observations from investors/analysts I have learned to respect coupled with my continuous analysis of the investment backdrop (a.k.a., the pit in my stomach that sometimes serves as my third investment eye).

The emerging technical signals are starting to suggest that the bear market may be long in the tooth. Indeed, we might have already successfully tested the lows during the Socgen market bottom two weeks ago. Not only are the number of new lows lower in the recent test but, as RealMoney's Helene Meisler reminded me on Sunday, "the cumulative advance/decline line did not make a lower low and neither did the cumulative volume or the McClellan Summation Index." ...