The Ultimate Contrarian Indicator is back...
I swear just a few days ago I wanted to write a post on how Alstry must been kicking himself in the groin (it can be done, trust me) for closing all of his picks back in April.
I often thought of him as the market was freefalling during the months of May and June. I'm sure that if he hadn't closed his picks (given up / capitulated / chickened out) he would easily had his 99+ rating back in a matter of days. And I'm sure he knew that too.
How painful must have been for him to watch the market falling down as a rock, and to see all the other perma-bears come back so strongly? With no picks of his own? For somebody who always knows what's gonna happen next (and who likes to call the rest of us SHEEP for not being as wise and gifted as he is)?
Today, I noticed he's back. He opened 10 picks yesterday and all of them are green thumb calls on 3X Bear ETFs.
You know what that means my fellow Fools (SHEEP): It's time to go long like there is no tomorrow...ALL IN...
p.s. I apologize if someone else already had a post on this.