Re: Officially a bear market....Traded out of half of my position at 4.25. Normally I would consider trading back in but the downdraft in world markets suggest margin calls are now a bigger factor that atc's fundamentals. Many on this board have been very helpful in this regards, but as a group we have failed to recognize the true impact of massive de--risking above.
I am 20% in the markets so I can take the pain, but believe we have a lot futher to go.
Compare, graphs from 1929 to 31 and 2008-11 and its scare. A repeat of the great depression may be in the cards.
Again sorry for my down beat reality check.