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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (89385)	8/5/2009 1:13:00 PM
From: Real Man	1 Recommendation Read Replies (4) \| Respond to 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.