Over the 19-month course of this epically mindless, corrupt Mother of All Bear Rallies, I’ve tried to discourage permabears from feeling such debilitating emotions as fear, anxiety, remorse or, heaven forbid, h-o-p-e, and that’s why I’ve hung out a bracing monthly chart of the Dow today. It shows how little would need to happen to leave bulls decisively in charge for yet more weeks or even months. Coldly mechanical detachment is what is called for right now, not opinion, so buck up and face the simple, stupid facts if things don’t quite go our way in the days ahead.
Brace for a Dose of Reality…
- January 3, 2011, 5:52 pm
And if this ptential is indeed fulfilled, the idea of a deflationary depression(bad as the US economy is,this
is not the current case by any means) becomes even less
realistic. You’ve obviously developed a very good market
trading system-focus on that and avoid the macro big event theorizing that never plays out after years to decades of waiting.