(1)
Many people are either out of jobs or losing their homes, yet restaurants still enjoy good business and corporate earnings/profit continue to go up with stock maket having gone up 75% from the bottom one and half years ago.
When J Rogers said he's confused by all this, he's probably being modest. When I say I'm confused by all this, I'm being honest.
(2)
Then they say the reason lots of US companies still make money in spite of a weak economy is because they do well in overseas markets where there hasn't been much of a recession. So now what? The country could run into another dip and yet stock market still goes to the sky? Maybe. Who knows? Technicians should focus on charts only. Let chart be the guide. But of course if fundamentals confirm what the chart is telling, so much the better.
(3)
You see silence of the bulls when market is plummeting. Conversely, there's silence of the bears when market keeps going up.