thrilling thursday, page-83

LDKS

I am not a perma bear as you will see from my last post.

As I stated earlier I went major long on the day of the 2003 low although I wasn't greedy and did buy 2 pts from the absolute low just to be careful.

13 months for a recession is fine for a run of the mill recession but this is a much bigger thing IMO.

In fact we are likely to see a great rally at some stage and there will be much glee amongst the central bankers and politicians about how they outsmarted those poor souls who failed in every other previous attempt.

You wait and see how the bulls gloat in the near future just like they did in 2007 while we were calling for disaster.

If you want an indicator, then watch for that.

Yes I am basing this on empirical data. I do not work on hunches and would regard that as an insult.

Can I be wrong? Of course I can, and for that reason I never fight the market.

If the market is behaving as I expect then I large positions.

If the market is going the other way then I am on board albeit with smaller positions and tight stops.

Would you take notice of a politician telling you all is fine. Would you take notice of a fnancial advisor telling you all is fine? Would you take notice of your neighbour or friend or taxi driver telling you all is fine?

If you answer yes then the market is not for you.

The only one to listen to is the market and it is very old and very experienced and has much wisdom. Very few listen to its story.