The cash S&P500 edged higher on Friday and we are now waiting to see whether a routine 1-4 price bar pullback occurs in the index. How do I feel about having a bullish view on equities over the coming couple of months? I quote John Hussmann (www.hussmanfunds.com):
“It's a lot like watching people scale across a tenuously secured rope bridge and get a nice meal at the center. You'd like to climb across and join them, but you know that too many things aren't right with the bridge, and it's not clear that the people who are eating will ultimately survive.”
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