Tony,
You don't have to short in a bear market to make money.. Try hedging your longs with writing calls or, buying puts. Another alternative is to trade bear/bull fund when technicals say buy/sell. One big benefit of the latter strategy is, it will eliminate being caught in any specific stock such as NVDA, GNSS, ect.. But the ultimate strategy is.... knowledge, knowledge, knowledge.. In a bull market, braincells are not a requirement to benefit the ride. To survive a bear market, you must have some understanding of the macro economic scenarios, technical analysis and discipline.
<<When one stock does poorly and all of it's competitors have to suffer. I think that's stupid.
Actually, thats not stupid at all. If your competitor is hurting, it says at least two things. Either the sector's growth is limited and will affect your company also, or you are taking customers from your competitors. The market takes the overall economic view and apply the appropriate guess as to which of the two scenario is more likely until it is proven wrong..
<<This is not 1970, so why do the markets and stocks have to go down to those levels? I just picked 1970 at random
That statement tells me you've much reading to do still...Again, I can't stress enough of the power of knowledge.. And youre right, this is not 1970. The stock/credit bubble then, is nowhere the level it is currently. As a matter of fact, the bubble we witnessed in the late 90s is unprecedent by any historical standard, even exceeding the 1929 level. And we know how that ended.
Doesn't that tell you anything?
BTW, I would prefer for this bear to end right now too. But unfortunately, the writings on the wall does not say so.. JMHO because WTHDIK.
Best
AI
