When the market rises, it is easy to bash the bears. Negative, pessimism, doubters and stubborn are descriptions that seem to be tossed about to describe those who believe, after thorough study of the evidence, that the stock market is going to be lower - a lot lower - in a few weeks than it is now.
Check out this article I wrote almost a year ago on Investopedia.
It talks about how a bear (that would be me) made plenty of money on the long side by reading the charts and leaving opinion on the back burner. The evidence was certainly in place for a decline yet up went the market and that is the only thing that really matters.
Of course, it took a while for evidence to overwhelm the bulls (March through October) but the longer it went on the bigger the decline to be expected.
I'll be following up that article in the March edition of "Trading Strategies" coming out on MarketWatch.com on March 3. It will talk about the current bounce and how, despite plenty of whipsaws, there was money to be made on the long side until the house of cards comes tumbling down.
Have a good long holiday weekend and make it a safe one!
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