Sifting through the smiles, bad news still concerns me ...

There's a steady stream of analysts now taking their chance at calling a bottom for stock markets. I mean, why not jump on the taste of optimism that the market is serving up? If soothing-sayers are proven wrong on their upbeat expectations, and stocks break to new multi-decade lows, more than likely their predictions will be tossed down the memory hole (as Jack likes to say.)

Of course, there's a fair share of pessimistic forecasters still issuing warnings; but they're not getting quite as much press of late because a lot of people are growing somewhat tired of all the dour predictions.