As someone with the misfortune of knowing the structural and fundamental challenges facing our economy, I've lost quite a bit trying to short this market. Rules like "Don't fight the Fed" aren't written for no reason. There is an inherent upside bias when the printing presses are running flat out, as well as some serious whup-ass being doled out on a technical level to the "non-believers" out there. Cory Rosenbloom has an excellent summation of the clockwork precision with which the liquidity-assisted bulls have systematically destroyed the bears the last year, especially after textbook "sell" signals and other presumably safe entry points for reversals. They've been anything but. Read and learn...and since we've broken 1151 on SP "Everyone back in the pool!! It's all good!". The trend is your friend..until the bend.
Bear Traps abound
Bear Traps abound
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