Bullish consensus is typically at its high when the market is at a top. Also there are few bulls.

典型地说，当市场在顶部时，异口同声地看多的人最多；在重大的底部时，很少有人持。

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This list of problems is the reason why it is so hard for Buttonwood to join the bullish consensus for 2011.

这一连串的难题，就是专栏作者不能苟同看涨2011年行情的理由。

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Bullish consensus is typically at its high when the market is at a top. Also there are few bulls at major bottoms.

典型地说，当市场在顶部时，异口同声地看多的人最多；在重大的底部时，很少有人持牛市的观点。

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The bullish consensus seems to think these laws of financial gravity don't apply to China.

WSJ: Ruchir Sharma: China Has Its Own Debt Bomb

There is still an articulate bullish consensus on oil futures and for energy stocks looking ahead to 2013.

FORBES: Apple And Google Much Better Bets Than Black Or Yellow Gold

This list of problems is the reason why it is so hard for Buttonwood to join the bullish consensus for 2011.

ECONOMIST: A bearish perspective on the market in 2011