Fright Night For Bull Run?

On the UK Telegraph: Bank of America reports $1bn loss as customers struggle to pay bills

• The bank said it had been hit "by continued weakness in the US and global economies and stress on the consumer, which continues to result in high credit costs".

ahem.. continued weakness in the US and global economies.... and STRESS ON THE CONSUMER.

• .. Earlier this week Citigroup and JPMorgan Chase also reported higher loan losses in the third quarter as consumers struggled to keep up with their credit card and mortgage payments.

All is well?

Current bull run JUSTIFIABLE?

Don't ask me.. I know nuthin'

:D

Yeah.. the bears.. they are naysayers.. and despite them giving many, many reasons, the naysayers are 'proven wrong' because the markets keep rising.

Yeah.. how can the naysayers reasoning be justifiable when the markets keep rising?

Is one's reasoning only correct if the market agrees with one's reasoning?

How now?

Selected worthwhile reading: Sumitomo Forecasts Dollar to 50 Yen, End of Dollar as Reserve Currency , SP Weekly Chart Updated and Flamingo, Fright, or Friday?