RE: RE: Being right or making moneyWhat if THIS is the next black swan that no one's expecting... the markets keep going up up up to unimaginable levels with little or no pullbacks on the way... I'm still a bear, and the only reason I (luckily) haven't bought up the D's again, and FAZ, is because my money is tied up in HZU and some juniors... If someone told you that the TSX would drop in half before it happened in 2008, many would unlikely believe them... if someone now were to say the markets will continue to rally up another 20-30%, I suppose it'd be hard to believe/accept that as well. I think we should be getting a pullback right around here, but today's action on the S&P looked quite bullish - ran up 17 points immediately and held most of that gain into the close. Problem is, most of the bears guessed/timed this wrong, so getting back to break-even will be a treat. If you believe a pullback is imminent, then average down here and jump out as soon as we get a blip to the downside... I don't believe that the "BIG" downturn is coming yet... just a pullback now.. then new higher highs, and THEN a larger downturn - that's when I'll be loading the short boat.