Pon·tif·i·cate – To express one’s opinions in a way considered annoyingly pompous and dogmatic.
Nothing moves in a straight line forever, and anyone with an outwardly “bullish” standpoint has just seen their paper profits taken back to levels of mid November of 2014 – only in a matter of days.
Did you sell at the top? Ya……as I’ve suggested that “sideways” has been the markets direction for many months now – I guess you only need a couple of days like this to see things as they truly are.
Egomaniacs and emotional traders tied to the idea that “markets will do no wrong” now speechless as 4 months worth of “riding the bull train” sets them back to late 2014. Otta watch 4 months worth of paper profits go up in smoke in a matter of days.
Point being…….this market takes no prisoners as both bulls and bears have their day in the sun, with the advantage seen from either side being slight to non-existent for months now.
Don’t be a f%$kin baby. Don’t be a loud mouth either. Take your wins with humility and do us all a favor….
Feel free to take your losses in silence.