I wanted to address something a reader said on the message board today:
I find it amusing that you emphasize any positives when you are trading long. Then, when you sell or short you immediately flip and emphasize why the markets will drop.There are a lot of valid critiques that could be made about me but this simply isn't one of them. I always point out the bull case and the bear case regardless of which way I am trading. I have been one of the biggest economic bears regardless which way my portfolio was positioned. Have a good night.
2 comments:
If it is a slow motion bottom, we should get a chance to get long tomorrow at pretty good prices. We will see. Its always hard for me to get long at a slow motion bottom. If its too easy to get long at a certain price then it has a greater chance of being wrong.
The July low was a slow motion bottom. We hung around 1020 for a few days before we finally took off. I find it harder to stick around when we are hovering at the lows. Too much time to second guess.
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