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Is This a Bear Market Rally?
The bulls are kind of celebrating Mike Wilson's bullish call, even though he said this is a bear market rally. And we've seen these sentiment indicators that extremely pushed to one side where we should have rallied for a little while, I guess. So the reporting stuff with the last time we saw this was this year and then when this happened, this happened. It's easy to say, okay, this always happened in the past and this is why it's going to happen this time around. But you have to interpret it. You have to look at a certain way because everything this guy reposted and it was a great chart. He can include 26 on data back to 1872.