Quote from drukes1234:
The negativity on this board is incredible. Do any of you even follow Dennis Gartman and actually see what he buys/sells in his newsletter.. or follow his ETN? He beats the market on a very consistent basis and the risk adjusted returns are impressive.
Lets say the market was down 50% since last year and your fund is only down 25%, you are still an idiot like Cramer, who is ruining peoples lifes on a consistent basis. If the market is down30% btw
08 and 18 ( next 10 years) and your fund is only down 5 % that is not good enough.
You are the real deal if you saw the underlying bid in the dollar last July( just like it has now).( I remember Gartman was shorting way too early) Big sellers in crude oil btw 126 and 148 (onthe way up)and you started short ing after it broke down
and not before.If you were shorting the subrime mortgage collapse related issuses. But again not enough to be a " fundamentalist" bc then you mess up your entry. you must have the ability to time the market. Many says " dont try to time the market". Well those who cannnot do it say it, bc it is not easy.
They should just change career bc this is a bear mkt, it will be hard to look smart.
(By the way. Buffet is the smartest guy. He is a bottom picker, averaging down bc even he cant time the market...like he says...
not a trader....but he is ok bc like he says:" You gonna do fine in 30 years... " but againhis style for those who doesnot wanto make a living by investing.. . most of people in the markets want to do well in a short period of time...)