First, let’s get something straight: There’s nothing wrong with being bearish when the time is appropriate, and there’s no saying now’s not the time to be appropriately bearish.
But it’s never appropriate to be a perma-bear, a.k.a. “BearTard,” which is really more about personal philosophy than it is an investment thesis. You see, for beartards, making money is secondary, and maybe even tertiary.
You see, for Beartards, it’s about being smarter than everyone else. It’s about the prickly, wounded pride. It’s about revelling in your misanthropy. It’s all about “the club.”
Let me tell you, you let yourself get like this, and you become like a piece of bloody chum to the sharks of the Street. The edge traders will see you coming with your pocket protectors and your high waisted pants from two blocks away. They love you guys like the West Harlem street corner three card monte grifters love the dewlapped big-talking college freshman who appear every Fall at Columbia University.
“Exhibit A” and “Exhibit B” are the two biggest beartard sites– you know who they are– who have been accumulating lemmings almost as fast as they’ve been driving them off the white cliffs of Dover. Think about how much money these sites have cost people on a cumulative basis since March. And we’re talking thousands of people. It’s near-Madoffian in its scope.
And yeah, I know misery loves company, but someone who makes themselves intentionally miserable by railing against the trend, well… this is when “thesis” turns to “pathology.” And this is not time to be investing for companionship and even comraderie — there are bookclubs for that.
No, The PPT offers you an alternative — even if you are a recovering Teethgnasher from one of the Lemming Sites. You see, The PPT is made up of a group of hard core traders interested not in showing you how smart they are, or how many geometrical glissades they can pull out of a 60-day chart, but in only one thing — putting coin in the bank, kruggerand-style.
So indulge yourself, in bear and bull trades as you see fit. But do it in a environs that will constantly challenge you to re-assess and re-evaluate your every position. I promise you– will never feel fully comfortable within the confines of The PPT.
But let me tell you this as well — that discomfort will serve your portfolio– and your family’s fortune — in a far better stead than those alternative “ego sites.”
Jacksonian Addendum: Watch for pullbacks this week, especially in the gold and silver arenas. I will be announcing my moves early — on The PPT, of course — and then here. We are getting to a crucial period in the cycle, and I want you all to be at your most nimble.
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