I’ve mentioned in recent weeks my uneasiness with the surge in paid subscriptions, since I’ve seen this movie before – – – if the market sells off really hard, THEN people show up wanting bear ideas, often when the selloff is just about over. This morning I got a cancellation notice (I read every single one) and I noticed immediately how short-lived this “Foul Weather Friend” stuck around (I have blotted out the name as a courtesy, since my objective is to make a point and not “out” the person):




