New Contrarian Indicator Drops

The Sounding Line: Another Sign of Excess Bearishness?

Good discussion at the link. I still think this is a big bear market and stock are overvalued, but destruction is a process. The potential for a straightline collapse exists if bad decisions keep piling up, but suprise surprise, the EU just declared that natural gas is green: EU parliament backs labelling gas and nuclear investments as 'green'

I take this as a sign that stupidity may be curtailed. Remember, hard times make hard men. All the woke horseshit that would get someone fired from a job, and all the bullshit green virtue signaling goes right out the window when people suddenly realize they like hot water and electricity. Once they realize the whole climate agenda is giant scam cooked up by communists and Wall Street, the whole thing will come crashing down. In any event, nuclear will be a the winner because we need massive power to fuel the economy of the future, and things like solar panels are mainly replacement, not something that will deliver 10x power supply.