Bulls versus bears - where are we?
Make no mistakes, bears are in control now. But the bulls haven't left. The are mounting a formidable come back, at least in the short term from all technical and fundamental indicators I follow. But I could be wrong.
If the bulls have left for good, we're in big trouble. That means a recession is at our doorstep but I don’t see it. And frankly that's my only reservation on this Cannimed name heading into legalization. It's the macro factors around the economy.
This is actually a golden opportunity for those who have ignored this sector. And frankly, that’s most of the investment community. Proof in point? Only BMO has entered the space and just as of last month. None of the other banks have felt comfortable with this “new” commodity.