Pros and consI find this debate of where the market is going fascinating. The markets are unpredictable in the
sense that stuff always happens that no one can see or preprare for. CV19 is one of them and
the Opec price war another. The markets just went through a nasty period of pricing in these
2 major developements and now are trying to reprice in some kind of opening up recovery.
In the nasty selloff, stocks were dumped overboard causing the trend to overextend and now
with the euphoric hope of a recovery, if things go to form, stocks will probably overextend to
the upside. There are always exentuating factors such as short selling that can contibute
to overextension in both directions. The bias now is towards the upside and I suspect this rally
gets ovextended. I hold both stocks and cash. I want to be prepared for anything. I remain wary and hold a hair trigger on my sell button but I am happy to see the upward bias predominate for now. ALA is showing nice relative strength which is the exact opposite of when the market was
selling off.