Market Comment - The Bear Market

It’s lonesome being a bear when Rubin, Russell and Berman are all bullish. Last time it happened was about this time in the year 2000, and it was Abby Joseph Cohen who got bullish. I was a bear, and as it turned out, I was right. I was also all alone when I predicted the crash in 1987. I called it, but my fledgling investment forecasting business bit the dust anyway.

Being a bear is never any fun, even if it does turn out that you have made the correct market call.

(S&P 500 Index 1388)