JUST DON’T GET IT ON MY SHOES
The bears are nauseous. After today, when it looked like Cisco was going to force the Nasdaq into a retreat and it didn't work. Oh, you better believe the bears are having some gurgling of the stomach region.
It's days like today that create the vomit-inducing type of give ups that are sometimes a requirement before a market can go about rebalancing or correcting itself before its next leg up.
There isn't a potential long out there that isn't looking at this market after today wondering if it will ever go down the amount he or she wants in order to fulfill that feeling of not paying top price for a stock. It is, after all, more pleasant to shop when things are on sale. A great mentality when you're at Sears, shopping for some Wranglers on the day after Christmas. It doesn't work as good with the markets, however.
And, you can be sure that every short seller of equities, at this very moment, is questioning every form of analysis, book, and mentor he or she has ever read or listened to. The game isn't supposed to be this hard, is it?
Well, actually, yeah it is. It's supposed to be as frustrating, counter-intuitive and discouraging as possible to separate you the investor from whatever green you have in your life. Whether it's the front lawn of your house, your favorite green trousers or whatever is left in your wallet. Fleecing is the modus operandi here.
Yeah, bears are at that point. How does that old saying go? When you feel like you're about to vomit, it's time to double up. You know, I have a story about that.........another time.
