A bear market is a good thing no matter what you’ve heard about bulls
October 9th, 2008 |So, my wife was just reading The Drudge Report (whatever that is) and I noticed a large bear picture on the front page. Naturally I almost lost it. She told me he put the picture up because of the “bear” market. Who ever chose these mascots anyway? Bulls and bears? Bulls are weak. Look, a bear market is fine. We’re cutting the fat and purging the market of excess. That’s what bears do and just like nature, they keep the stock market healthy.
Bulls are stupid. And totally 20 years ago. Nobody really cares anymore. Do you ever look at your hamburger and think about rallying bulls? No, of course you don’t. Do you look at your hamburger and think about sweet bears? You might if you fall into 1 of 2 categories:
- Me or my sympathizers
- Ursaphages — criminals who deserve to be punished to the full extent of the law
Just relax.
Click on that bear if you want to check out the Drudge Report. I don’t really read it but my wife does, so it’s fine by me.
