Monday again and this time it's NOT black Monday. I am not too happy about this rally and call me greedy if you like. Why? If we are seeing a bear rally, then it may be a long way before the markets reach bottom. We simply can't buy anything yet!
Well, you should have nothing to lose in a bear rally if you are holding on. But from experience in Hong Kong, after the local government's intervention in the stock market in 1998, the stock market never did recover and instead it took at least 5 years more to reach to the bottom. I am not saying that the US and other major stock markets will take that long to get to the bottom but I think you definitely need to wait for a considerable longer period before you see the bottom.
The situation makes it quite essential for genuine and honest investors to re-design a new strategy to tackle this artificial market rally. Why? We must be able to survive while we wait through this long period of ICE age!
God, why have you forsaken us?
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