It is the craziest thing I have ever seen. It has to be some type of physiological condition similar to the Battered Wife or the Stockholm Syndrome. The more they lose in the market the stronger their belief seems to be. This board also seems to play a small role is reinforcing this presumably irrational and destructive way of thinking. I also notice that anyone who tries to shine a light on this destructive and irrational thought process is ganged up on by these very same people. As an outsider observing this whole perma bear phenomenon, it all seems so very crazy and confusing to me. Where is the Watcher when you need him? What am I missing here?
I recall an earlier post from you saying the top was not in until around 1920 (approximately). With that said, what is the thought behind this post? Are you saying the bears, many of whom have been bears for quite some time, should be bullish for 20 pts. and then they can be bearish again? You're making absolutely no sense here.
Sentiment: Strong Sell
You are misreading my post. It is a general statement that I am making about the phycology of being a perma bear not a statement about a particular trade. It seems more of a religion than a thoughtful and rational investment strategy. The more the losses pile up the stronger their belief becomes of impending doom and a collapse of the market. Just like a religion there is also a belief by the perma bears that they are being singled out by various groups or people (the Fed, Obama, the ECB, you name it) for persecution. I just don't get it. Please enlighten me.