There came a time a year plus ago when I had no fear in proclaiming myself a bull against the bear/deflationists who would take me to school on why I was so wrong. There now comes a time when I must declare myself flat out BEARISH because as a risk/reward trader my alarm bells are now deafening.
This is not an attempt at timing and I certainly do not want to dissuade anybody from attending a good party. But I can only manage my own funds and write a newsletter telling my views. It is up to the individual to decide how they view things.
I am so bearish now I can taste it. There, no more namby pamby wishy washy stuff. Patience and balance are the words.
Edit (5:41) See, all I had to do was declare myself to reverse this pig. I do declare, I am bearish baby, regardless of whether this mess holds the downward reversal or not. Dow did not quite make it to the projected upside target, but it came close enough for government work. Much to write about where my mindset is at in NFTRH78.
