i wonder if this was similar narrative in the early eighties,...

i wonder if this was similar narrative in the early eighties, right before the fed jacked up interest rates as inflation rebounded.

for me, refusing to go short at any time means that i believe the fed knows the current neutral rate of interest. and i know they dont because nobody knows.

in any case, my strategy dictates that at any point i must be a contrarian. im betting contrary to this reversal and of course timing and capital deployment is of the essence. you shouldnt discourage those wanting to short. anyone should short if they want to. but like anything, they will be grinded by the weight of their conviction and ultimately, the net result.