Dont mean to be aggressive, however all you bears are just so touchy.. Listen im unconventional and I oppose the masses....
Makes you think though eh?
The masses? Based on my observation with the general public, the media, and the people surrounding me in the real world, they are now far more optimistic about the economy (and the stock market in general) than they were back in Oct 08 low. This is when everybody was talking about gloom and doom, making our contrarian views less "contrarian".
A bear market rally was too obvious to the well informed.
The members on this forum here are on average, far better informed and more financially literate than the rest of the general population.
I'm a contrarian myself and I certainly see fellow ones on this particular forum who source their data / opinions from the very same contrarians (ultra rich entreprenaurs and independent economic analysts) who have predicted this crisis back many years ago. Of course, it does not mean my planned actions toward this contrarian view would be the same tot hem.
I guess I cannot blame you because you are still relatively new on this forum and do not have an understanding on the "common beliefs" here.
Wheep0 said:
I had everyone on HC telling me I should have been certified for buying when everyone was selling..
Portfolio stands now at $ 1.8 million , WOR, ADX, PDN, IPL, ORI, LEI, TOR,ANN, AIO, FML, MAH, KAR
I opposed everyone in November telling me I was mad, and now, Im taking nearly 400 k profit out.
You've made the right decision to trade the bear market rally because you said it, it was too obvious. Jim Rogers, Bill Gross, George Soros, etc, etc, were all stating (before the Oct 08 low) that to expect an extremely powerful BEAR MARKET rally that would caught most people off guard.
Markets with a secular trend to worsening economic conditions will always have rallies in between. If you have the ability to identify these trends and trade them to your profit, then good on you.
However, current economic fundamentals do not justify such rallies. We are certainly NOT IN A NEW BULL MARKET, but I'm expecting more sucker rallies to occur in the coming months/years. Rather than staying on the side line, one could profit from these bear market rallies to their own advantage. But you can be sure there will be plenty of "suckers" who think this is a new bull market and will put everything back in and continue to "buy the low" on the basis that the economy will recover in 6-12 months time.
Wheep0 said:
Im a little bored of experts and their views, the only expert anyone needs to take attention of is their selves - Be your own expert,and go with what you think is realistic and probable.. A market correction was always on the cards, after the freefall ,did not take an expert to call that. If it falls again then guess what, another upward correction will be on as well.
Most experts that I respect are economic analysts who only focus on the bigger picture of the world. They are not interested in trading these rallies for lots of reasons including legal ones. You would fare far better if you would open your mind and listen to what they have to say.
Wheep0 said:
Realise some of you old regulars treat these things as your own personal networks.. Hey I dont want to upset anyone, I just like to know why everyone is still calling for the world to cave in when quite obviously it is not.. It can lead to pretty strong views..
Then provide us with evidences that the global financial crisis is finally over. Why do you think bailouts and stimulus policies would work? Why do you think future growth trend will go back to the 2000-2007 levels? Why do you think we will see a new bull market again despite we are still facing a global debt deflation event?
I'm not expecting this to be over anytime soon, but you can be sure that there are PLENTY OF TRADEABLE RALLIES and other opportunities to profit out of this downturn. I may be permissitic about the global economy in general, but I'm very optimistic about my own ability to be much better off than the "mass".
I suggest you don't be SO SURE about your confidence of your ability to invest/trade based on your recent results. The world is much bigger than you would think.