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Wednesday, October 30, 2013

Bears are Extinct

This discussion was here: http://evilspeculator.com/?p=39044#comment-1103748606

i Bergamot

bears are extinct

"Extinction" from Wiki:
In biology and ecology, extinction is the end of an organism or of a group of organisms, normally a species. The moment of extinction is generally considered to be the death of the last individual of the species, although the capacity to breed and recover may have been lost before this point.

How will forest survive without these 'species'?
Or may be this time is different...?

silly Berg, it's called hibernation. they'll be back.
in the meantime, pass me a cup of Zimbabwe tea will'ya?

Pff, fairy tales
they all been killed in their sleep by Mighty Bernie The Beard, the purveyor of Zimbabwean Tea
(o, wait, I forgot - there is no QE)

Talking about their existence is useless as the bears are a very small minority in the markets, most of which get killed during real bear markets (usually they miss the boat on market turns).
The game isn't about the bears - it's about a lack of bulls - or as a better parallel - it's about the very last sucker buying the top.

All these "last' buyers have been richly rewarded during past few months
I am not talking about day-trading, but more intermediate /swing etc

Think about it:
the only way to hold an index position since spring was to NOT take a stop, be it support, ma, ntsl - just disregard. Market will be higher anyway.

 I think this thinking is firmly cemented in peoples minds, so much so that masses completely disregarding internal weaknesses in markets, Naz and NYSE computers breaking down almost daily, interest rates doubled in 1 year, etc etc and no liquidity at-all

Say nothing about fed, just look at individual stocks - staff that used to be as liquid as ocean, now has bid/ask spreads so wide - you can drive a truck thru it

(no , I just will say nothing about politics ... I will not)

everybody is a long-term investor now

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