Don't Worry Be Happy ...its All Good

After months of warning by the money masters, our markets farted out their blow holes this week. Pundits all across the financial landscape declared victory at the end of the week. Some declared this a “much needed” pullback. Some declared the pullback “over”. Some advocated an even “greater” pullback was needed to make the market “healthier”.  There was a cacophony of calls to buy the “bargains” here. A few suggested that waiting for even better buying opportunities might be prudent. 

It reminded me of my mistakes in investing during the 2000 Bear Market. I had made some spectacular returns leading up to that crash and began advising my crowd of retail (fellow sheeple morons) that the market was going too high and to get out. In those days I didn’t short markets yet and only used timing. I also listened to the pundits that advised during the first hard pullbacks in the tech market that pullbacks were “healthy”. I timed the pullbacks and traded the first few months of the tech bubble pop with my portfolio staying intact. I invested also in “CONservative” tech plays that were the “pipe” for the internet. I won’t list them but the were Cisco System companies that “withstand a severe bear”. I would buy them on “dips” and sell them on “rips”. I was essentially a “long only” investor that was using market timing to trade a Bear.

It worked well until midway through the bear and I was caught buying one of the really big dips thinking “shit how can this not be a big bottom to buy”.  That was not the right move. I loaded up on the JDS Uniphase and Cisco Systems that had “corrected significantly” and were down 50% from their highs.  And then all hell broke loose. The leadership and the “pipe” of the “internet bubble” just got HAMMERED over the next month. Microsoft, Worldcom, Enron, Intel…..the biggest of the BEST were then butchered. The “no lose” masters of the tech space that had “already corrected” were slaughtered along with my “blue chip” portfolio. 

I had learned from my 87 mistakes and I again tried to learn from these mistakes. I knew that some of these beaten down stocks might NEVER recover. I looked for different sectors to enter that had also been hurt in the market takedown. I was in energy and biotech with my surviving funds. I stayed in the casino and made back the paper with a strong portfolio going into the next collapse and most of you know how I played that one….mostly SHORT!

This time I have tried to see just how they would fix the game and its been fairly predictable although my paper strategy was pounded in 2012….also not shocking given the need to CONtrol gold and silver prices from exposing the dollar pyramid printing scheme.  I still think we had the beginning of a major bull move off of the 2015 precious metals bottom and certainly the miners are still up dramatically from that December 2015 bottom.  I still believe this sector is the sector to own and will wait for these pricks to clean the suckers out of the general equities shares. As usual physical metals is the ultimate store of value. Counter party risk will again be a phrase used in financial circles so BE PREPARED boyz and girlz.