As I scroll through my Twitter feed, I have to chuckle at some of the people that I follow.

Often I wonder why I use my precious time and (not so precious) bandwidth to entertain the thoughts of these individuals.  The most probable answer to this question is that I must enjoy the thought processes of those who are of a somewhat limited and “peculiar” mental capacity.  What other excuse could there be for these people who CONTINUALLY post absolutely ridiculous “ideas” each and every day about how the stock exchange is (hopefully) going to trade lower?

Look, I have been there, firmly strapped inside the FAZmobile, laced with sticks of dynamite, motoring toward my rendezvous with the SRScopter whereby I will fly it directly into the sun.  All of this in the face of an imminent market meltup…searching for any ridiculous clue about how the market is “overbought” or putting a lot of stock into interesting “bearish divergences” on “key indicators” while watching my positions being ground into dust and used to fertilize a field of cabbage.

Are these the types of people who are so adamant about rebuffing popular opinion that they will continue to make (seemingly) insane comments and (even more insane) money management decisions?

The market is clearly going up (well, not today…but it is clearly in an “uptrend”).  It will continue to go up until it doesn’t.  I know that sounds ridiculously simplified, but there are precious few (if ANY) significant market declines that have materialized over the course of a few days.

I get that there are a few really smart people who short stocks…they are typically professionals with VERY deep pockets and can wait out their well reasoned theses to work.  These are not the people I’m talking about.

-EM

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