Follower Beware

[Bullitt]

Be careful when blindly following any market timer or investor- especially one who's emotionally attached to his own points of view. Nobody is smarter than the market and nobody can tell the future.

http://www.traders-talk.com/mb2/index.php?showtopic=107393 (http://www.traders-talk.com/mb2/index.php?showtopic=107393)

[XL-entLady]

A big amen to that, Bullitt! For any newbies out there, pay attention to this guy. He doesn't have a position to sell you. He just gives consistently good advice.

And I've also found out the hard way that nothing ever works all the time. I just have to keep trying to learn as much as I can and reviewing what I think I already know to make sure it fits current realities.

Lady

[Bullitt]

Some thoughts on market commentary (http://www.tsptalk.com/mb/blog.php?b=169) to ponder before following the pied piper off the cliff.

[coolhand]

Some thoughts on market commentary (http://www.tsptalk.com/mb/blog.php?b=169) to ponder before following the pied piper off the cliff.

He had a lot of folks follow him off that cliff. I wasn't one them, but I saw it happening. Sounded good when the market was tanking, but when it didn't continue he didn't change his perspective.

[JTH]

Ha ha, I saw his X-positions the other night and noticed he finally acknowledged his FAZ position was a loser. I took a big hit on FAZ too, chalk it up to learning the hard way.

I wonder how many folks took the FAZ hit as a result of following someone else more than themselves?

[Birchtree]

I've been beaten to death following the moves made by amoeba. Rather humbling too.

[Bullitt]

I don't know, but for some reason the quote by Bill Clinton, "I did not have sexual relations with that woman", came to mind when I read this article.

I didn’t stay bearish at the lows, which is contrary to popular opinion. I was basically neutral.http://www.businessinsider.com/rosenberg-i-wasnt-bearish-at-the-lows-2009-9