During corrections-everybody loses in the end. The Bulls and The Bears get slaughtered. Well, this is exactly what is happening now. After a great run by The Bears, they are getting slaughtered the last two days! Gold Bugs-squashed! Market Bears-shot! The Bulls-were already dead. Impossible trading.
This is why we stayed out. The Whip Saw is nasty and nobody knows what is going on-they are in a frenzy. Right now our "Wood Stock" is nuts. There are traders "crowd surfing" just hoping they don't get dropped. The "Main Act" will come on Friday when "The Jackson Hole Boys" hit the main stage....until then, we are hanging out with The Dudeman-chill'in.
WSR: You were right Dudeman- better to just sit here watching the crowd work themselves up into a frenzy than getting trampled..
DM: Yeah Man! No reason to wear yourself out before the main event, man! hey man, pass me another beer.
The Dudeman is a very wise man.
