Andy Abraham

Bear Market Over? Not So Fast

How about...lets not predict... but look on rate of change basis or relative strength.. buy strength ...sell weakness ..but only with low risk trades...


On Apr 03 02:53 AM Eric in IL wrote:

> Let's face it, this is all a big house of cards. Don't get me wrong,
> I'm a bull, not a bear. At some point it makes no sense to put value
> on anything that you can't eat, wear, or live in. What makes gold
> have value? Nothing, other than your own belief. What makes paper
> currency have value? Nothing, other than your belief in a government.
> Who is going to pay you if you buy puts on the Dow and it goes to
> Zero? No one, because if the Dow goes to zero, then we return to
> hunting and gathering. I mean, when you step back and really think
> about making a living on the stock market, it is really funny. Your
> only value is that you contribute to the function of a big confidence
> game.
> Now seriously, I think Roubini and Taleb have had their day in the
> sun. I do not intend to chase them down the black hole. Although,
> I would argue that Taleb's black swan now should be Dow 14000, because
> it is the exact opposite of where we are right now. And I think
> he would agree.
> And as I have said a lot on this site, buy Platinum instead of Gold.
> Platinum will outperform Gold this year.