C’mon folks. Really. People are actually lashing out at me for being a bear here. The fact of the matter is that I feel confident in my assessment of the market, and last time I checked, it was a good thing to have convictions.
Also, I’ve been clear about the impending bounce. I wrote about it here in Examining Market Tops, but alas, I was a day early.
Just so everyone knows, I like to debate, argue, and throw jabs. It is fun. However, I don’t wish anyone to lose money. Except for maybe JJ. But probably I would not even wish JJ to lose.
This is a market. There will be differing opinions.Â Just because I’m a bear here does not mean I’m out to destroy your positions. I could easily argue that my point is to save you money. But then you would have to agree with my assessment of things.
From here the market could keep going up. I do not think that it will. It might very well go sideways until the Fed meets. Thus, I am not going to get aggressively short until I see the upward momentum wearing off, and another down move begin. Even then I will not commit a very large percentage of my capital on the short side.
In short, do not take my bearishness personally. It has nothing to do with you. Honestly, I have watched markets move down and back up for 4 years now, and never really participated on the downside. I have studied and planned for this type of event, and I will stick to my guns.
I may be wrong, or I may be early. Either way, I can sit back and enjoy the banter with everyone as I know I am not going to blow up my account with my small positions.Â I encourage you to enjoy this time as well, as this seems to be where real traders stick out, and bad traders fade away.