Posts Tagged ‘economy’

A fool and his money…

I have to admit, I was almost worried for a minute there…

If you know me at all, you know I’m a metal armored vicious bear.

Stun guns and market rallies have no effect on me.

But seeing the market move higher day in and day out made me wonder if my armor would fail; exposing the bear that I am to the ramming horns of a bull.

I just needed a sign from above – anything that would reassure me that this market is doomed. After seeing the market begin to descend again today, I felt good enough to shoot out a put recommendation.

And my readers should make some good money from it.

I mean, after all we’re in a freaking bear market! And in bear markets stocks fall, right?

The best part is that most people aren’t yet convinced that we’re in a bear market. These are the optimists – the bulls if you will – that are constantly looking for that one report to show the economy ‘turning around’.

It’s like they’re fighting a hurricane induced rip tide when they have no legs to swim with. They’ll never win.

As they say… ‘A fool and his money are soon parted’