DIPS ARE TO BE BOUGHT

For the record, there isn’t a single bear who has made money in this market since 2008. Having said that, it is imperative that you reserve your doomsday predictions for websites that cater to such things. I don’t have the time, nor the inclination, to address the mentally ill. I, unlike many of you, am trying to make money here.

It’s becoming a little frustrating on the long side, with the market bumping up against resistance. All of my bullet points about the economy are bearish. But I’ve been trained in lunacy to ignore what is real in favor of the mirage. I find myself living in a virtual world, where up is down and bad is rewarded with awards. It’s real easy to get sucked into the rabbit hole of negativity and it is slippery indeed. I try to remind myself that the market isn’t interested in trading lower. Providing I am invested in well to do companies, with better than average prospects, I should do fine.

It’s the lull before the storm that shakes people out, not so much the storm itself.

I am tempted to cut losses on a few ideas; but then I remember the reasons why I own them. Sometimes it pays to be patient. Other times patience is a waiting line for execution. Based upon recent history, I gather this sell off will not gain much traction. No one gives a fuck about QE2, as long as the economy is improving. You’d have to be a fucking lunatic to crave for more faux money, at a time when gypsum prices are on the rise.

I bought more YELP towards the end of the day because I am in accumulation mode. I have thick skin and an even thicker skull. The end of bears is nearing and this lull is nothing more than a snare, designed to capture and bleed out the remainder of you disgusting caricatures of life.

Wait for it.