SoCalsurfbum

Is It a Bear Market Rally, or Something More?

"...[I]t is day 19 in the “selling stampede” and such stampedes rarely go more than 25 sessions before exhausting themselves on the downside."

One of the dumbest sentences I've ever read from an analyst, and I've seen some doozys. Statements like this remind me that if stock analysts knew even a little about what they write about... they wouldn't be an analyst. They would be printing money as a trader.

This reminds me of a guy at a roulette table looking at the screen where 8 reds hit in a row and is thinking to himself "Black is due".

My question is why did he pick 25? Why not 100 and up his chances of being right. Every day is a 50-50 chance of being right. Please be the bottom, Please be the bottom... {holding breathe}