OK Bulls
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I have stated my position on here time and time again. ( All of my reasoning included )
Question...................................... At what point do you turn bearish ?????Most have a bullish bias, therefore don’t need a reason to be bullish (which is why people think over time the market always goes up).
Therefore, people that are regularly bullish will never turn bearish. It’s a pointless debate.
People who have a bullish bias are always bullish long term, but can be bearish, or cautious short or intermediate term.
That is how we become more than the idiots that shoeshine thinks we all are. Although that is far from my goal in life. Its not even in my bucket list.[quote=howboutshoeshine] I have stated my position on here time and time again. ( All of my reasoning included )
Question…
At what point do you turn bearish ???[/quote]
trim winners on extended charts
raised some dry powder when sentiment got stretched
(there are posts to prove it)
blow out broken names when we make a mistake (never sell in fear). wait for bounces.
tweak allocations.
not market timers
stocks go up over time
selling hardest and most important part of deal…by far
no ego
bests trades EVER done were losers. BY FAR
market tells you when to get out.
owned mer,goldie,jpm,countrywide,fnm etc…own NONE of them into meltdown. sold em when they brokedown
buy strength, sell weakness. same with tech in 2000.
they ALWAYS give you a chance to get out.
NO EGO
NO EGO
NO EGO
NO EGO
stay objective
market doesnt give a fukc what you paid for a name.
Avoid commodities like the plague - Short term
Avoid Brazil, but get in mid-March Asia Ex-China/Japan now - China soon (Managed funds over indexes) Buy these tickers and send me my obligatory 10% cut later: CHI, IGF, EFR, MCHFX, GHAAX Goooo long[quote=3rdyrp2] Avoid commodities like the plague - Short term
Asia Ex-China/Japan now - China soon (Managed funds over indexes)
Buy these tickers and send me my obligatory 10% cut later: CHI, IGF, EFR, MCHFX, GHAAX
Goooo long
[/quote]
John Calomos one of the top 10 smartest men in our business
Not a SINGLE answer. Very typical of this forum.
I will be bullish when upside volume exceeds downside, when the market has a reasonable basing period condusive to long-term buying, when economic data truly begins getting better. ( Not the fake *ss spin that we have been getting as of late ) When every single broker I know is NOT bullish[quote=howboutshoeshine]Not a SINGLE answer. Very typical of this forum.
I will be bullish when upside volume exceeds downside, when the market has a reasonable basing period condusive to long-term buying, when economic data truly begins getting better. ( Not the fake *ss spin that we have been getting as of late ) When every single broker I know is NOT bullish[/quote] Then you'll be too late.[quote=howboutshoeshine] Not a SINGLE answer. Very typical of this forum.
I will be bullish when upside volume exceeds downside, when the market has a reasonable basing period condusive to long-term buying, when economic data truly begins getting better. ( Not the fake *ss spin that we have been getting as of late ) When every single broker I know is NOT bullish[/quote]
i answered you
trim winners on extended charts
raised some dry powder when sentiment got stretched
(there are posts to prove it)
blow out broken names when we make a mistake (never sell in fear). wait for bounces.
tweak allocations.
not market timers
stocks go up over time
selling hardest and most important part of deal…by far
no ego
bests trades EVER done were losers. BY FAR
market tells you when to get out.
owned mer,goldie,jpm,countrywide,fnm etc…own NONE of them into meltdown. sold em when they brokedown
buy strength, sell weakness. same with tech in 2000.
they ALWAYS give you a chance to get out.
NO EGO
NO EGO
NO EGO
NO EGO
stay objective
market doesnt give a fukc what you paid for a name.
(I get cautious when people get too happy-seriously. But the market TELLS you when to act)
Correct, are you thick or stupid? lolwhen upside volume exceeds downside? lol