Friday, August 12, 2011
Did I short the market?
Somebody recently asked me the question: are you short?
The answer is: no.
Why?
Tails in the market cycles length can last one year. It is practically impossible to forecast short term rebounds, how long they will last and how big they will be. Forecasting the amplitude of long term trends is already difficult enough. I stick to that.
The answer is: no.
Why?
Tails in the market cycles length can last one year. It is practically impossible to forecast short term rebounds, how long they will last and how big they will be. Forecasting the amplitude of long term trends is already difficult enough. I stick to that.
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