Monday, October 16, 2006
Quick Alert: Dow 12,000 Imminent
For a bear, nuclear explosions coupled with hyper inflation and a housing meltdown is a fucking wet dream. Don't get me wrong, I short stocks too-- in order to hedge my long positions. But, I never beat off to bad economic data, like some of these fuckers.
In short, betting the house on a super decline, after we already got one in 2000, is ridiculous. For now, the market is going higher, live with it-- bitch.
NOTE: Wallstrip officially launched today. I really like what these guys are doing. Good job and good luck.
I know Barry personally, and he is a great guy, trust me.
I remember when the market was shitbagged in 2002 and he was the only guy I know who was calling a bottom. Guess what, he was right.
I do admit he recent bearishness is a little much, but he discloses zero exposure to shorting stocks.
So, he may believe the market is going lower, but knows better and is patient enough to wait for a breakdown.
As you know, predictions are absurd, since noone knows what the fuck they are talking about.
Just take it day by day.
BTW, thanks for the kind owrds about WallStrip!
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