<<In any case I do indeed expect to be attacked here if I say anything bullish, or anti the bearish sentiment here. So why hang out here? >> your are correct, this hostility is not correct towards one another , one should be conversant on this, both bulls and bears(and i do process bull arguments, when containing a reasonable premise). I like to point out Jeremy Seigal(Jeremy is now only forecasting 7% return in stocks annualized over the next 10-years) and Robert Schillar are each others best friend. Schiller a Doom and Gloomer and Seigel always trying to see the glass half full.
And i have seen them together on TV happily disagreeing with each other.
BTW, Schiller's Irrational Exuberance was written only because come 1999 Jeremy told Schiller i think you best get your thoughts in print now.
And of course the book came out in April 2000.
I am guilty when i think someone is saying something from "dreamland", i will say "you are blind yada yada yada".
But on talking with my broker the other day, whose lifetime work in his portfolio has dropped from one million to 650k as he is a firm LTBH, on questioning him on why he didn't listen to me, i realize how extremely deep the LTBH view had become ingrained for a generation that had never experienced a mean market.(i am 61, my broker 43).
Actually i at night think, gees i am lucky i grew up with a mother that told me tale after tale about the Great Depression so it was real to me, and a not some "fairy tale".
But one thing i have done the past 2.3 years is argue from conviction and a desire to awaken was my underlying motive. Max p.s. i will speak out as longterm bullish if i see the cause to do so, but my pluses and minuses keep adding up to Bearness.
This, as always does not pertain to my view that in the intermediate range you can swing trade(but one need work hard at timing)---and of course for the daytraders, swing day trade.Max |
