by gbsmith4

I just made a twitter post noting my new bearishness.  And for right now, I am.

But, here’s the thing: I am by no means loyal to that decision.  Things could change in the next few hours, and I might become completely bullish.

Now some would say that shows a lack of character or a lack of conviction.  BS: what I think it shows is the ability to change and adapt to what the market’s saying.  And I truly believe that’s the sign of a good trader.  Of course, you have to figure out the difference between changing stripes willy-nilly and changing for a good reason.  But, that’s a different and longer post.

That said, I can be loyal: to my wife, kids, and dogs.   In that regard, I’m truly buy-and-hold.