Shots Fired: Peter Brandt Says Welcome to the Global Bear

One of my favorite trader-bloggers, Peter Brandt, is roaring from his cave this evening…

One problem with being a short-term trader (especially a day trader) is that one comes to expect reversion to the mean on an ever and ever shorter-term time frame. Short-time-frame traders can lose grasp of what a “run-away train” market is like. Make no doubt about it – bear markets are vicious. They are relentless. They redefine the concept of “oversold.” A warning to you short-term traders who persist on trying to catch the bounce – you will end up with bear claw gashes all over your body.

We are in a bear phase in the world’s stock markets. This is not a correction. This is the genuine deal. Let me show novice day-trading geniuses what some bear markets in the past have looked like.

Head over to see Peter’s long-term chart work, you can add his voice to the “Sell the Rips” chorus from now on I suppose…

Source:

The world stock market bear has not even begun to growl…much less bite! (Factor)

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