5IRM/SuoVdU8t6rI/AAAAAAAAFE0/4TkUa60pRxE/s1600-h/waterloo.jpg">
I ran a few miles, getting the fresh fall air in my lungs. It was just what I needed for a refreshed perspective and an easy going attitude. Yeh, right. "the bears' waterloo"?? Are you kidding me? You've got some balls Mr. Bull.
I never claimed to be an easy going bear. In fact, if I have one weakness in my approach to markets, it is that I tend to be a really cranky bear. I tend to get an edge to me and not be quite as nice a person as is normally the case (I think).
So baggage notwithstanding, what kind of bald faced trend following, bull humping is that in those quotes below? Maybe we should ask these fly boys how much money they made their clients in 2008.
Oh yes, Grantham and Hussman went bullish last year. I get the 'former bears turn bullish' angle. That was fine early in the trend. But I'll bet that Jeff and Billy here were bullish right on through, '07, '08, '09...
I remain short and will try to be smarter than my enemy. Picking up quality gold miners and 2x gold UGL to neuter the effects of the rally on my short positions has worked well. If I have to cover shorts in ignominy, I'll do so - again. But there will always be another chance because what these people are sellin' the public may be buyin', but not I.
Meanwhile, I think I'll stay short a while longer and see if that bull tout comes to regret his words. Of course he won't. They never do. They make excuses, just like the town manager that bankrupted Springfield, MA because Wall Street reps sold him CDO's he did not understand. Just like all the excuse makers when suddenly, their conventional wisdom goes right down the drain.
Did you like this article?
Submitted By 
's
