熊熊来对号入座了

stockhq

你属于哪一类呢？from slope of hope

Be a Fool or Fight It?

As the countertrend market defrauds its way higher, there are a number of camps of thinking developing among people involved in the stock market: (note: I have provided new labels to a couple of these since apparently some folks just can't deal with things that aren't completely vanilla.)

    * The Permabears: these are the folks that were spoiled rotten by the fantastic plunge from September 20th 2008 to March 9 2009 and have been fighting the uptrend ever since. The quick profits from bear market action are seductive, and it's understandable that folks would want to return to the Good Old Days (that is, a few months ago), but they're going to see (or already have seen) their profits disappear.
    * The New Permabulls: this represents the vast majority of the normal investing public. Simply stated, they have no idea what they are doing, and they have benefited mightily from the past five weeks. This is the group that is going to be the most helpful setting up the new leg - - the big one - - of the bear market later this year. The market is seducing and tantalizing them right now. And, boy, does it feel good! All those nasty losses they suffered in 2008 are being chiseled away, day by day. Heck, maybe they've even bought some banking stocks that have gone up triple digits! And of course, with Obama on their side, they know they can sit back, relax, and enjoy the Recovery. I cannot wait to devour these people.
    * Those Waiting for Godot: these are the folks that would otherwise have been Bear-Hards but have had the good sense to get out of the way. They know the market's rise is B.S., and they know the bear market will return at some point. But they are patiently waiting for the right time.
    * The Premature Anticipations: here we have the group that keeps assuming The Top Is In, and they keep shorting the market (I have occasionally been a member of this group). The market has seduced them into what seem like good short positions, and then blammo, their wallet is emptied, and the cash has been magically transferred into the hip pocket of a wily bull.
    * The Pushmi-Pullyus: This is the camp in which I consider myself - - I recognize the rally is B.S., but I want to profit from it. At the same time, I want to be positioned for the bear market, and as we push higher, I am seeing more and more bearish opportunities. However, the bullish push has, to date, been stronger than the bearish mini-drops, so over the past five weeks, this positioning is a very distant second from that of the New Permabulls, who have been raking it in.

stockhq

me, The Premature Anticipations

HTDT

１０％　sharp correction is coming, either later this week or early next week.

Diver

I am between The Premature Anticipations and The Pushmi-Pullyus.