The Week Ahead: Is There Blood In The Streets Yet?

There were many signs last week that the few remaining bullish advisors or investors were giving up on the stock market . Even the cautious economic comments from Fed Chair Janet Yellen did not inspire many new buyers. The week finished with a 2% rally in the S&P 500 but did that really change anything? This famous comment is attributed in Baron Rothschild "The time to buy is when there's blood in the streets" and it is a staple of contrarian analysis. His buying after the Battle of Waterloo gen...