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Strategies & Market Trends : Waiting for the big Kahuna

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To: ggersh who wrote (89385)8/5/2009 1:13:00 PM
From: Real Man1 Recommendation  Read Replies (4) of 94695
 
Comes from experience of being short in 2003, at times.
Don Sew, an excellent technician here on SI produced one
extremely overbought sell after another as the market
went right through. One thread where I post called the
signal "Tuna Salami" - and he left SI for good.

Tech doubled that year. If you look
at 1975, the entire 73-74 bear was erased. Imagine how it
was to be a stock bear that year.

This cash is sitting,
earning 0.5%, watching the action, wanting in. You should
take a look at financials after S&L crisis. The system was
fixed, because the Fed is now the failed counterparty.



FWIW, the most vicious post WWII bear was 1973-74. It was
almost completely erased in 1975.

Oh, well, this one was more vicious, but so was the response.
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