Dead Bear

Traders have to size up the terrain constantly and come up with a plan of attack, whether in the pit, where I learned, or from behind the screen where so many of us now reside. In reviewing the action, I cannot help but think the red side of the card is done. There is just too little benefit to keep on pounding these indexes even given the most dire of downside predictions. Time to declare that the bear is done for awhile and maybe for a significant period of time. The bullside may not be as glamorous as the idiot markets of the past, but selling is going to pay lower wages.