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It seems to me that we started hearing that the market was bullish after people in power (ie moneyed individuals) realized that as long as the media reported that the market was down/dismal/etc. then average joes would not invest in there "sure thing" blue chips, or anything in general. As soon as the newsmedia (see CNBC or "mad-money" Kramer) starts telling people that it's A-OK to invest again, they will. It's a self-fulfilling prophecy.
There is money to be made in either a bull or bear scenario, and the smart investor knows this. But, as stated above, most investment firms are long-term oriented and prefer bull markets. Hence the effort to bring the masses back to the stock market via mass-media propaganda.
Maybe I should have posted this under "tilted conspiracies"...
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These are the good old days.
How did I become upright?
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