The Dow rally continues as 80% of corporate earnings beat expectations Please don't get the impression I am anti-economists, but I do feel a significant...

The Dow rally continues as 80% of corporate earnings beat expectations Please don't get the impression I am anti-economists, but I do feel a significant percentage of them are motivated by fear of being wrong, as opposed to striving to be correct. We are again experiencing this phenomenon with 80% of economists being too negative on US earnings. This is great news if we look through all the forecasts, as it presents opportunities! Two quotes that are often banded around, in my opinion perfectly summarise what drives markets: 1. Fear&Greed - The more negative people are, the more investors should consider buying -see chart 4. 2. The Fear of Missing Out(FOMO) - This creates tops and I believe FOMO will drive US market to fresh highs as everyone forgets the recent 10% fall. Markets are unfolding as we have been predicting over recent weeks. - I am still expecting the broader S&P500 to rally 5-6% from current levels prior to another strong sell off. - The ASX200 is harder to predict but we may see a break of 2014's 5680 swing high in the ASX200. (VIEW LINK)