Tuesday, April 15, 2008
Hip To Be Bear
No question now that it is hip to be bear. Even the market pimps on the various market news channels who have shamelessly promoted everything on the buyside for years are convinced the darker side of the economy will prevail. Slapping the face of the overall market may be the analytical insight currently in fashion but it just may be that 'very bearish' will look more like 'very boring and sideways'. In almost every type of particular market downturn which has already been pounded repeatedly by the facts, the result is dull. This will be a challenge to the several trading operations such as the high frequency boys and steep trenders, but adaptive long haulers will find plenty to trade around.