You get where I am going with this. If we do not get rotation into these areas... look out as the market will break. If we do get rotation, I expect the market to hold. Sounds about right...
I agree. And I get the impression that Gary is looking for that rotation to happen. He was one of the first “bears” in the room and was almost alone in there.
He has always said that when the room finally gets crowded wall to wall when everyone is talking about fearing another “Great Depression”, he knows that it’s almost time for him to get out of that room as the market has just about bottomed by then.
I think that if he gets that rotation he’s looking for, he’ll start buying while the others are still holding hands in the bear room. :)