Thursday, November 6, 2008

A lot of bullish people around.

I can understand Cramer is a bull. I can understand Erin and Maria aer bulls(should I call them cows?).

But I can't believe there are a lot of people(short sellers) so bullish whenever the market is down big. Talking about GUTS. They will one day tell their grandkids that they went long during 2008 crash. For the life of me, I will never ever think about going long between Oct 1929 and 1932. Call me a ussy.

Becareful licking the blood on the blade.

Carter is going long, Fleck is not as bearish, etc etc.
Market will always kill you when you started to think everything is going to be ok. If everybody knows where the market is going. Then nobody will be able to make money.

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