For the first half of the year, the S&P 500 was up more than 8% and when that has happened in the past, the S&P 500 continued higher in the second-half of the year 75% of the time.
Let's don't pretend that there is a sub-category of trader called a contrarian trader. Be honest. The 8 year bull market run has killed off all the contrarian traders. The main source of money for contrarians these days is in running internet newsletters and charging a subscription fee. That's why the contrarian 'alternative media' industry comes together around gold, silver and bonds. They are looking for newsletter subscribers and the best way to do that is to find perma-bear contrarian products, and then peel-off those interested in those products to their contrarian newsletter.
Jamie Dimon let loose and blasted the dysfunctional Congress. Political leaders waste too much time talking about stupid s**t according to Jamie Dimon. I think the comments from a Democrat reader below this article really drives home just how accurate Jamie Dimon's comments are. Everyone is going around fussing and fighting instead of talking about the issues like just how crappy Obama's and Democrat's shovel ready jobs promise was. The message to President Trump is we demand more than just shovel ready jobs.
Instead of republicans and democrats playing ping-pong back and forth and wasting tax dollars debating ObamaCare, just let the whole thing implode and millions of people to go without healthcare and then see how fast democrats are willing to work with republicans to get something that is realistic and solvent passed.
Bulls still control the trend in this week's stock market prediction show. Most popular stock trading blogs are ran by contrarians who have been wrong about the direction of the market since 2009. I'm all for being a realist if the yield curve flattens or goes inverted but until that happens, stop looking at these contrarian blogs and just go running with the Bulls. Your only goal is to not be that unlucky guy that gets too close to the Bull and gets trampled to death.