Because if you're like me, you've learned to take everything one high percentage profit trade at a time, whether you're betting on higher or lower prices. That's right, I'm talking about easy individual market inefficiencies like THIS.
As for the markets a whole, it's the same pathetic guessing game it'll always be, filled with plenty of "gurus" with polished-sounding theories where only a few truly brilliant hedge fund managers guess correctly with the rest of us just trying not to pull a Bill Miller (look foolish).
After all, none of the market leaders such as Google Inc (NASDAQ: GOOG), Apple Inc (NASDAQ: AAPL) nor even Exxon-Mobil Corp (NYSE: XOM) and General Electric Co. (NYSE: GE) have charts worthy of investing your hard earned capital. (And as a side note I must scream a big fat "I told you so!" to the people who bought GE in the low $30s as a dividend play)
Sure, stocks including Sprint Nextel Corp (NYSE: S), Skyworks Solutions Inc (NASDAQ: SWKS) and Broadcom Corp (NASDAQ: BRCM) might have bottomed (which I'm overly proud to have called in THIS article back in April), but blue chips like JP Morgan Chase & Co. (NYSE: JPM) and Pfizer Corp (NYSE: PFE) have charts that make investors want to drink heavily. (Maybe that's why Anheuser-Busch Cos. (NYSE: BUD) is getting takeover offers!)
That is, unless you're a short seller, which sadly far too few of you are as you somehow believe the profiting off others' failures to be un-American or not for you. Well, I've got a purely American message for you: it's only unpatriotic to refuse to learn a strategy and ignore wide open profit opportunities.
Companies will continue to fail, financial firms will continue to stink up the joint-everybody's paying for years of excess-and it doesn't look like it's going to be over anytime soon.
That's why I encourage you to learn about short selling, if you're willing to keep an open mind, visit my blog, and you'll see why I'm loving this bear market as my portfolio is now up 58% in the last few months.
Timothy Sykes writes the blog timothysykes.com, is a former hedge fund manager, star of the TV show Wall Street Warriors and author of the book, An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund
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