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no idea up or down from here and still when no idea always assumes up.
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at the best for bulls it's a range day, even if it decisively breaks yesterday's low it could be a downtrend day.
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LONGER TERM:
We can’t predict, but we should be able to tell where we are. We can do that by “taking the temperature of the market” through questions like: Where does market psychology stand? To what extent has this psychology been priced in? Are attitudes toward risk prudent or cavalier?
When assets begin pricing in the notion of permanent prosperity, it usually turns out to be an illusion. We're in the second half of the 10th year of an economic recovery, and US economic recoveries have never lasted more than 10 years. The odds that the expansion goes on much longer are not great.
If investors are scared, as they were in the fourth quarter of 2008 or early 2009, I believe you should be aggressive. But if investors look like flaming optimists, then watch out. I still see some optimism in the market today. So I would want to be in stable, higher-quality and defensive assets more than in aggressive, optimism-oriented assets.
[Howard Marks, via zh, 2/5/19]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.