Wall Street Is Worried. Good!

Wall Street sell side analysts are coming out with their 2022 forecasts.

And we all know how accurate those tend to be ;)

In the latest float of the bear parade, wall street's sell side analysts are putting out some of the most bearish forecasts in recent memory.

From the WSJ,

And we already know that Individual investors (AAII) and Financial Advisors (II) are much more bearish going into 2022 than they were over the prior two years.

We're seeing almost half the amount of bulls and twice the bears.

We went over all of that in yesterday's note: yesterday's note.

And also in our most recent Live Conference call.

Sell side analysts are bearish.

Financial advisors are bearish.

Individual investors are bearish.

The S&P500 is breaking out to new all-time highs:

We want to stay long S&Ps with a target of 5000.

And in the bond market, credit spreads are tightening, not widening.

So who do you want to listen to?

The bond market?

Or sell side analysts, financial advisors and individual investors?

You decide.

I think it's quite obvious where I stand.

I'll fade those groups all day, particularly when they're at consensus.

Scared and angry is no way to go through a bull market.

So what are we doing about it?