Jeff Saut has played the downturn and the upturn about as well as anyone. The Chief Strategist at Raymond James has been bullish since April and is unwavering in his bullishness despite the huge move in stocks. He sees the continued skepticism in the market as a primary driver of equity prices:
The negative nabobs continue to call this a bear market "sucker's rally!" While it's true that markets can do anything, the real "suckers" have been the bears who didn't employ adaptive asset allocation and consequently have "sat" out the seven-month rally. Clearly, we disagree with the bears' assessment, having maintained the view that this is a new bull market since April.
The negative nabobs continue to call this a bear market "sucker's rally!" While it's true that markets can do anything, the real "suckers" have been the bears who didn't employ adaptive asset allocation and consequently have "sat" out the seven-month rally. Clearly, we disagree with the bears' assessment, having maintained the view that this is a new bull market since April.
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