Numerous weekly comments have already detailed the weak evidence for the most popular bullish argument - the Fed Model (aka «capitalized earnings model,» aka «stocks are still cheap relative to bonds», aka «multiples are attractive on a price - to - forward earnings basis»). (hussmanfunds.com)
You had all of the standard bullish arguments for tobacco — recession - resistant demand, an addicted customer base, low marketing costs, high cash flows, etc. — but without the threat of crippling lawsuits from the U.S. tort system. (charlessizemore.com)
High count on distribution days, High margin debt reading and great optimism do not make great bullish arguments... (trendfollowingmentor.com)