Read this carefuly and find yourself in there....
http://www.wallstree...m/beartypes.htm
I recommend these ones....
1. Apocalypse Bear Thinks global economy will collapse due to total charade organized and controlled by The Powers That Be. Predicts massive inflation followed by repudiation of fiat currency, or worldwide deflation (take your pick). Looks to political events for clues about the future. Was hoping Y2K would be more eventful than it turned out to be. Holds gold stocks and some bear funds. Isn't quite ready to commit to shorting or buying puts. Waiting for confirmation. In the meantime has stocked up on food and water, 'just in case it gets real bad'.
2. Credit Crisis Bear Reads complicated essays about esoteric financial issues. Concerned about low savings rates, trade deficits, the yield curve, bond market hijinks, bank overextension, and the money supply. Has seen so much negative data over the past four years, it's hard to detect any real signal anymore. Tends to play with broad market instruments as opposed to individual stocks. Hasn't lost shirt.
7 Information Overload Bear Has read Fleckenstein and Tice for years. Paid attention to Barton Biggs, Alan Abelson, and Jim Grant. Knows all the arguments regarding market overvaluation. Owns a dog-eared copy of The Great Crash. Not much. It's like, "If all these guys are correct, how come the market hasn't collapsed yet?" Bears sound convincing, but reality has been different - so far.
Edited by ogm, 01 September 2007 - 03:17 PM.
17 Bear Rug Is disgusted with Wall Street and isn't an active trader. No money left. Got badly burned shortly after one crisis (Asia, Russia, LTCM, or '98 tech slump) by betting on further declines, only to see the Federal Reserve step in and save the day. May have also lost big during the wild ride of Nov99-Mar00. Would like to have lunch with Julian Robertson someday.
Writes angry letters to Alan Greenspan. Refuses to watch CNBC anymore. Uses business section of newspaper to train dog or line birdcage.
