"Just reread my post, and the intended attiude was not beligerance."
Although I do take exception with whatever dictionary you bought at Barnes and Noble I was not, nor have I made it a practice to, dispute others thoughts on the market unless pushed.
That is to say....I have my opinion and others have theirs.....I do never want to get into a shouting match over emotional preferance, as this is not important.....(Read....Impotent!)
I rarely take others posts as belligerent. I just went thru a small war on RealTraders with someone that they ended up booting off the forum. The discussion was a waste of time. This discussion is not a waste of time. At least not from where I type.
To attempt to answer your question, I think....
I find the overall SI reaction to this market pullback a tad too giddy for an auld guy like meself. Anyone who has seen my posts for the last year or so would probably consider me to be a bit of a gunslinger...
Now here I am in cash and the rest of SI is margining....
....Eh, What's up Doc?
Maybe I am an idiot. I support my family on this crap, have for years.....I usually think it's fun....but if I'm wrong I'm in cash and can catch up. If I'm right-------the reverse is not true.
Kevin knows I don't trade on trend lines. As I said....I got the market well below 6000 in less than a week. But if I am wrong, I do not get hurt in a cash position. You may believe I have opportunity cost, but because I do this full-time for a living opportunity cost is a different issue for me than it might be for someone who has a paycheck coming in each week.
None of this is an insult....to you or anyone else....I have not been insulted, either.
I have danced around SI for the past week and my impression is that the site has many subscribers that could not know the consequences of a serious market turndown.....hence the speculative fever on this site since Tuesday morning.
Be that as it may....I will live to play another day.
I hope you will, as well.
--Pat |
