It was a valiant effort, but at the end, the bulls managed to get this old bear to pull the plug on his short positions. Fighting the Fed, headed up by the almighty Bernanke and his endless supply of cash, was just to much to combat. In the end, I am confident about the devastating effects of what QE2 will have on this great country and its economy, but while I know I’ll be ultimately be proven right, there is no reason to bleed profusely from it in the process. I know, I know, the old saying of when the last bear has thrown in the towel, the market will finally take its course, and while that may hold true, I don’t have any desire to be the last one out the door (though the way everyone has become so bullish on this market, I’m beginning to wonder if I truly am the last bear in existence).
With that being said, I present to you my Montage to all those who have tried to short the market of late, for better or worse. I know what you are going through – the pain and suffering, the skepticism and doubt that arises when applying technical analysis to the downside, the thought of following some third-grade illiterate on twitter, because he seems to be making all the right calls to the long side, only to see him somehow miraculously squeeze you out of your positions, or watching Al-Jazeera Television in the wee-hours of the night waiting to see whether someone is going to hurl the molotov cocktail in the air – I know what you are going through and I feel for you! So this is for you and your suffering!
