Every major bear is now bullish

Quote from Cutten:

Yeah - the 200 day moving average.
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Nice! And he doesn't collect AUM fees or a percentage of profits. :)

Let me rephrase - is there any newsletter writer or money manager who is CURRENTLY bearish, but was bullish for the 90s and mid-2000s bull runs?

IE, is there any person of note who is calling for lots more down who isn't also a stuck clock?
 
Why all these moronic headfucks as to whether the market is a 'bear' or a 'bull'? Big volatility is where the money is for futures daytraders day after day (ES,CL,etc). The points are big. Trade those intraday swings fearlessly. You do have to actually trade and be in the market though.:D
 
Quote from Maverick74:

Here is Bill's letter to investors:

"Lastly, on a personal note, I no longer want to run a short-only hedge fund, as it is very stressful, nerve-wracking and generally not very much fun, entailing an intense focus on the short term to effect risk control."
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Well said Bill.

Now Bill understands that you cannot be a perma bear/always short and be profitable over the long haul. Over the last 10 years including this year, Fleckenstein is, at best, even. There are very few shorts who have been profitable over the 10 year cumulative period, unless the shorts have been short term traders, capitalizing on good timing, while avoiding the swift ascents. Very few have the ability to do this.

The only measure of how effective a short seller has been is not their performance this year, it is their performance over 5 year, 10 years, even 15 years. Past performance shows which short sellers have been able to capitalize in both rising and falling markets.

Tice and Fleckenstein, both at best even over the last 10 years, have shown that always being short is not the way to go.
 
well,for what its worth i think the markets are at a point where if it breaks to the upside there will be alot of shorts flushed in a quick fashion! i really don't think that will happen but who knows. as far as the economy goes which i don't how that is reflected in the markets[i know it is but i'm not smart enough to make that call]as far as the economy goes though i think we are FUCKED!!! this time next yr. i probably won't be able to buy a job. i think we will be back to shorting rallies this week. i hope! oh well...thats my 2 cents
 
So a rally on negative news is now completely bullish, it might be for a few hours but everyone should know by now that sentiment on wallstreet changes within minutes, I would not be the least surprised to see the Dow down triple digits on Monday. How many times do I have to repeat myself by saying the bottom is not in.
 
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