Look Out Below Part 2 (October 30, 2010)
The U.S. stock market is looking vulnerable to buyer's remorse.
Even those of you who don't enjoy charts will see the signs of an exhausted market just waiting for the sell signal from the Powers That Be to roll over. Standard-issue financial pundits forget that "surprising" declines benefit those same select hands which kept the market lofting higher the past few months as volume (i.e. broad-based appetite for equities) declined.
The easiest way to make large profits is to go short when everyone else has been lulled into complacency/mild bullishness, then engineer a sharp downturn that triggers stops all the way down. Once the complacency has been replaced by fear and angst, then scoop up shares which have been discounted.
Rinse and repeat.
This is not investment advice (please see the HUGE GIANT BIG FAT DISCLAIMER below) but is that a voice crying "Look out below!" I hear? Previous entries on the same topic:
Look Out Below (I've got a bad feeling about this)
The Stock Market's Long Decline Has Begun
Of Two Minds is now available via Kindle: Of Two Minds blog-Kindle
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