It’s very, very easy – effortless, actually – to be a bear on a day like Tuesday when the Dow closed down nearly 500 points. Days like that are a kick, and one Sloper pointed out something that hadn’t even occurred to me (even though he was mentioning a part of my personal history): that September 1 2015 was my best day ever, while September 1 2010 was my worst day ever. So – – at least 9/1 doesn’t have a completely awful meaning for me anymore!
Being a bear last Friday is a lot tougher, because the market is roaring higher, and it’s very easy to let six years of bear torture push one to paralysis. However, I shorted all kinds of tickers late last week, and they started to behave themselves Monday and really blossomed (or wilted, as the case may be) yesterday. Of course, today (Wednesday) is more akin to late last week – – – everyone is buying like mad, driven principally by the federal statute that decrees the market must be the exact opposite of whatever Gartman predicts.