Pessimism

I've been seeing a lot of stories lately that doubt the recent rise in the stock market is sustainable. From the WSJ today we get two articles here and here.

The first one is titled "This Stock Market Rally is a Keeper...or a Tease" and the second one "Why the Stock Market is Going Up" and actually here's another one, "Stalwart P/E Shows Stocks Getting Pricey".

As a committed contrarian, stories like this make feel a little more comfortable about being in the market. As long as there are skeptics, there are still investors on the sidelines who can keep the rally going when they finally commit.