suckers rally bouncing cat rip, page-17

I have only one issue with the Hot Dog post and that's the trader/speculator comment.

I only speculate and have done so for many years. It's all about discipline. It's not about 50/50 either or you probably won't make enough money to bother; it's more about 80/20 and invoking that discipline both on the upside and the downside. We speculators trade momentum; it's got absolutely nothing to do with PE's. It's only a casino for those who don't learn the finesse of trading vs. investing.