Sunday, September 28, 2008

Becoming a Bear

I've been a bull so far, constantly looking for opportunities to buy stock. But the more I look around, the more I see that bulls just aren't making money right now. Every stock that looks like it's about to hit a bottom and move up somehow ends up blowing through support and continues on a perpetual unending slide downward. It's like gravity has overtaken the market and continues to pull it further and further down. Will this change someday? Maybe, but it doesn't look like it's going to happen anytime soon. But what does it matter to me if the market continues to slide? To be quite honest, I know the bears won't be able to take the entire market to zero, but they're going to try and take it as far down as they possibly can. When the market converts back to a bull, then I may revisit a bullish stance and seek to bring out that inner bull again. However, for the time being, I'm a bear. I only hope that the SEC doesn't make bears illegal now...

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