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  • Bulls Push Through Bears' Lines of Defense [View article]
    Agree entirely. The higher this rally has run without a meaningful correction, the more implausible it has become. The game is really quite straightforward now: continue holding small long positions with tight stops, and get ready to short big-time once we move from the implausible to the truly absurd.


    On Jul 21 09:13 AM Nick36 wrote:

    > Perhaps a lot of so called 'Bears' are simply staying out of the
    > market and waiting for better stock valuations. That's why trading
    > volumes have been far below average in Dow and S&P 500 for the
    > last couple months.
    >
    > And the thing about Bulls bidding up stock prices based on technical
    > analysis regardless of the fundamentals. Is that they've done this
    > before and ended up being very sorry about it. In October 2007,
    > the Dow and S&P 500 were both reaching record highs. Which was
    > after the sub-prime mortgage mess was already discovered and was
    > working its way through the financial system.
    >
    > It's not enough to look at what other investors are doing. You
    > also need to look at whether their actions are reasonable or not.
    > Or else you end up running of the cliff with the crowd, like a bunch
    > of lemmings.
    Jul 21 14:37 pm |Rating: +2 0 |Link to Comment
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