Wall....the thing about being a Bear on the market is that you will only be right a few times a decade and after multiple decades you are a guaranteed loser. Why fight it?
This is true...in the past I would have fought this falsity and forced shorts/puts but I know better than to fight with money, and yeah being a bear in this market means a lousy 10% drop off a 300% appreciation backdrop but I really think the true damage being done to this market will be shocking when it cracks. I also learned over the years that when a market player is FORCING you into a trade, it never will end well and I dont make trades based on money market or bond rates and the lack of return. Outside of energy I see ZERO value in this market...none at all. I do not see an industry that is trading at a level where I think the mid to long term gives a valuation worthy of a trade. So I cant trade into some blip drop that takes two weeks and reeks of being phony. I might never be right but the whole market is a chasm waiting to swallow all the lemmings up.
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