Bears Turning Bulls.....Not Alstry......Yet
October 12, 2008
– Comments (14)
First we have to distinguish between the consistent bears....many of the top players......and the flipflop bears........those whose positive or negative position seems to change week to week and then when the market moves in either direction they remind you how right they are.......all the time.... as if to compensate for some personal insecurity......I WOULD PUT CRAMMER IN THIS CAMP AND ANYONE WHO IDENTIFIES HIMSELF AS A PRIMATE.
It seems that many pros are thinking we are hitting a technical and/or fundemental bottom. If enough think so.....it may become a self fulfilling prophecy.......but yours truly think we have a long way to go before any fundemental bottom is reached. A LONG LONG WAY TO GO!!!!!!
We could have retracements......and they could be sharp..... wiping out many in the process. I never thought I would ever say this but being a competent trader could actually serve people well in this environment.
We will be entering a very turbulent period in the REAL WORLD. Unemployment will skyrocket.....now I am confident that it will exceed 20% in the not too distant future and 30-50% is very possilble if we continue down the current road. In addition, bankruptcies will be more commonplace and social issues once reserved for third world countries will likely land on our shores. This will be a period where cool heads prevail.
Stratagies must be in place and reduced to instinct to avoid being distracted by the inevitable noise that will be screaming at you day and night. I have travelled around the world.....have seen opportunities where others only saw despair.
Since joining CAPS FloridaBuilder and others have said my blog provides little insight into investing. The funny part is that I have kicked their backsides in both points and average score since jointing CAPS. In the end, its points that rule the day......and I accomplished this by maintaining a very high average score while being almost exclusively short approaching a total of almost 200 picks.
The reason I mention this is not to brag about my score....it could reverse tomorrow and it wouldn't mean a thing in the short term nor would it impact my blogging......but simply to lift the vail from much of the crap these guys spout off. Much of life is nonsense these days.....it is destroying our country.....and rapidly.
If these guys say this blog provides little investing insight.....and this game is about points.....and I have beat them on points........then imagine the quality of the nonsense they spout of to you. As a former trial lawyer, I am an expert at sifting between BS and truth.....and drawing it out of people does not take too much effort for me. There are a lot of wonderful bloggers on CAPS....DWOT, Demon, and Ares...come to mind quickly.......but there are many others and I appologize for omitting the many of you for the sake of brevity.
Alstry is about winning, helping others, and improving myself. Few have made the magnitude of financial mistakes I have. But with mistakes come lessons. America was built on merit and that makes me proud when travelling or meeting foregners discussing various issues. Much has been lost recently but with focus and effort we can bring it back.....if not for ourselves but for our children.
No deception or BS on this blog.....sarcasism and humor rule the day, and critcism and critical thinking is not only encouraged......it is appreciated. You want to strive to be the best....hang out here..............you want to eat bananas, laugh at others because you are lazy or incompetent,... go someplace else.
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