S&P

Over the weekend, Deutsche Bank's cheerful house bull, equity strategist David Bianco (not to be confused with DB's brand new bear, chief economist Joe Lavorgna), released a note explaining why one should ignore everything that does not fit a bullish narrative, and explained that he expects the S&P to hit 2,500 by 2018 (with one warning: "We think the S&P 500 can reach 2500 before suffering a 20%+ bear market decline. However, the next bear market could erase all further gains from this cycle. This is a significant risk when EPS growth is slow and yet the PE is above average.")

Submtted by C.Jay Engel via The Austrian View blog,

“Like champagne, bull markets remove inhibitions.” –James Grant

For many months we have covered the "world's most bearish hedge fund", Horseman Global, which over the past several months (and years) has had a stunning run and has generated unprecedented returns (even as it has maintained a net short exposure for the past 4 years) and just last month, after returning 9.6% YTD went record short with a -88% net exposure.

Almost one month ago, when the market was well lower and the VIX was quite a bit higher, we shared some "Bad News For The Bears: Gartman Will Be Long VIX Until The S&P Hits 2,118" which led us to conclude "Gartman has basically doomed the market to soar back to its all time highs. Sorry bears."

We were curious how Gartman is faring during this latest dramatic rout to his bearish stance. Here is what he said in his latest report:

On April 6, 2015 just as the market was topping out, Jim Cramer wrote a column laying out what he called were "49 Stocks to Buy Right Now" which he qualified as "stocks that are clearly marked as winners no matter what, because they are domestic and because they do well precisely in this kind of environment."