Why do permabears get more love than permabulls at ET?

M

MKTrader

Both are wrong, but ET gives permabears a lot more slack and undeserved recognition. Case in point: https://www.elitetrader.com/et/thre...me-high-by-the-end-april.342955/#post-5064501

The TS was wrong and probably trolling a bit (no 30%+ drop has fully recovered in 2 months), but the S&P 500 ended April TWICE as far away from the March low than the ATH. The fact that comment was made by someone who sells "trading edumucation" and got 5 likes is telling of the quality (or lack thereof) of posting here.
 
MKTrader said:
Both are wrong, but ET gives permabears a lot more slack and undeserved recognition. Case in point: https://www.elitetrader.com/et/thre...me-high-by-the-end-april.342955/#post-5064501

The TS was wrong and probably trolling a bit (no 30%+ drop has fully recovered in 2 months), but the S&P 500 ended April TWICE as far away from the March low than the ATH. The fact that comment was made by someone who sells "trading edumucation" and got 5 likes is telling of the quality (or lack thereof) of posting here.
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The problem isn't whether one is a permabull or a permabear. It's more about stoking one's ego from getting the direction right. Whether they actually make money from their calls is another matter. Anyway, I fear most of these Nostradamus suffer from major narcissism. (I'm sure, as a permabull, you probably suffer the same disease.) :rolleyes:
 
schizo said:
The problem isn't whether one is a permabull or a permabear. It's more about stoking one's ego from getting the direction right. Whether they actually make money from their calls is another matter. Anyway, I fear most of these Nostradamus suffer from major narcissism. (I'm sure, as a permabull, you probably suffer the same disease.) :rolleyes:
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I'm a permabull based on what? When did I predict the market would be at X level by Y date?
 
I find it interesting roubini, elmarian, Rosenberg, Jim Rogers make a career off being permabearish but market has been going straight up for past decade. Just got hang in and you get the spotlight eventually.
 
schizo said:
The problem isn't whether one is a permabull or a permabear. It's more about stoking one's ego from getting the direction right. Whether they actually make money from their calls is another matter. Anyway, I fear most of these Nostradamus suffer from major narcissism. (I'm sure, as a permabull, you probably suffer the same disease.) :rolleyes:
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Head or Tail ?
I'll bet on the edge :finger:

It's about 1 toss out of 6000
 
niceneasy said:
I find it interesting roubini, elmarian, Rosenberg, Jim Rogers make a career off being permabearish but market has been going straight up for past decade. Just got hang in and you get the spotlight eventually.
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As ridiculous as Dow 40,000 was back in 1999, there are "analysts" like Harry Dent who's called for Dow 5000 in recent years...and he still makes a very good living off newsletters and speaking gigs while Dow 40K was laughed off two decades ago. The irony is Dent was a similar permabull in the 90s and looked smart, but his uber-bearish demographic hocus pocus analysis has been a dismal failure after switching his bias.

40k.png
 
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