Aside from those who decide to sell shares solely to rustle up immediate cash, the stock market is essentially an arena in which those who are optimistic about future prospects for individual companies or industries meet those who are pessimistic.
Since you need both to make a market, even when pretty much everyone sees boom, there are those who see gloom. And vice versa.
Negative, but Maybe on Target
A little negativity is even positive in the eyes of some optimists, who believe the market adage that stocks rise on a wall of worry. But sometimes a gimlet-eyed, cautious view of the market is prescient – and worthwhile for even optimists to consider. Today, a few such views from market observers not usually prone to Chicken Little-ism may be worth heeding.