Bear = Sheep?
QOTD"No offense guys and girls, but I think WE are the sheep getting slaughtered."That blog post comes from xTrends, a mega-bearish investing blog. This mega-bear blog phenomenon, as you might well have guessed, is very popular these days. There are usually two premises:
- Blog reader comment to this post Sheep Gets Slaughtered
- The world (more specifically, the US) is going to hell in a handbasket, and
- Anyone who hints at disagreement with this opinion is an idiot... "bull-tard" is the unflattering term that is often used
I'm a newbie active investor or trader, but one thing I've learned... gol dang, don't dig in. If the market says you're wrong, then you're wrong. Wait to live another day. If the market wants to go up, get long, baby! If the market wants to go down, then short the sucker and roll with it.
The best investing blog I've come across is MarketSci at marketsci.wordpress.com. Michael Stokes has a brilliant, independently-verified record, and his posts are fun and analytical. MarketSci doesn't care whether we're heading down to a watery, deflationary grave or heading as to a nirvana-inducing high... Michael just wants to make money, either direction. I pay cash money to get MarketSci's daily trading signal on a couple of algorithms.... and I'm happy as a clam!
My goal is to someday be as good as Michael, or almost. We shall see. At this point, at least my studies have led me to his blog and (excellent) investing service... and beyond!
buy low... yow, bill
PS - a little parting art shot...
posted by williamt on Friday, August 21, 2009


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