Every so often I come across something that I file away in my personal “Words That Haunt Us” folder.
It contains things that Wall Street strategists say during and after sharp market corrections. I’ve come to notice that many of them push for people to go long on a stock, only to watch the market plummet.
And here lies the harsh reality of trading: Wall Street reserves the right to change its mind from bullish to bearish — whenever it pleases.
The stock market always looks good, until it doesn’t.
For example, even with the Nasdaq and S&P 500 being down about 5%, Wall Street strategists remain incredibly upbeat and bullish.
But what if the experts are wrong? We’ve seen it happen time and time again, so why should now be any different?
In my own investing and trading, I like to assume the best and prepare for the worst… And the best way to do that is with bear ETFs.
P.S. Roger Scott has kept a secret from his own business partner — something about “7AM Super Surges” that happen before the markets open…
(It even accurately predicted a 93.7% move on Apple earlier this year.)
But now, one of his business partners has uncovered everything.