Richard Russell famously commented on Bear Markets:
"In a bear market, everyone loses, and the winner is the one who loses the least."
What made me think of that?
This sign:
Via Mark Faber’s Gloom Boom Doom report.
Watch Out For the Bears!
August 20, 2008 4:09pm by Barry Ritholtz
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Quote of the Day: “Beware of Conviction”
very funny!
Remember, only you can prevent forest fires.
LMAO
“You don’t have to be able to run faster than the bear, you just have to run faster than the other people you’re with.”
Anyone feeling bullish about today’s market activity should take a good hard look at an 8 month chart of the $wlsh. The complacency i see among traders actually frightens the heck out of me.
Feces from Wall Street bears have remains of Gucci loafers, Rolex watches and pages from “American Abundance”.
http://www.amazon.com/American-Abundance-Economic-Moral-Prosperity/dp/0828111170/ref=sr_1_1?ie=UTF8&s=books&qid=1219266090&sr=1-1
I think we’ll be seeing a lot more grizzly bear shit (replete with bells and pepper) over the next several months.
What does a Polar Bear enjoy for din-din? Perhaps the whole North American and European continents. It aint pretty is it!
Great sign. I heard from a friend that at the Denali Nat’l Wildlife park there is a sign to hikers that says something like:
“Past this sign, you are NOT the top of the food chain”.
This would appear to be incontrovertible evidence that bears do in fact shit in the woods.
leftback,
Yep; especially the wild ones.
I was chastened by the signs in Glacier National Park that say the thick metal trash bins are merely “bear resistant” as opposed to “bear proof.” Plus all the warnings about “not sleeping the the clothes you cook in.” OK, I get the message.
We switched from camping with our kids in a tent (protected by 3 ml of nylon fabric and a pocket knife) to sleeping in motels. Call us chicken.
The bears are dangerous. And a lot hungrier and faster than you.
“sleeping in motels.”
Yeah, that’s always been my idea of “roughing it”.
Which reminds me of the famous answer to an obvious question:
Does the pope shit in the woods?
“Feces from Wall Street bears have remains of Gucci loafers, Rolex watches and pages from “American Abundance”.”
And is surrounded by soiled pages, torn from “Dow 36000”, which the bear used to clean up after.
So meet a bear and take him out to lunch with you
And even though your friends may stop and stare
Just remember that’s a bear there in the bunch with you
And they just don’t come no better than a bear
— LL ‘Bear’
I understand that Mr. Russell had a stroke quite recently. Here’s hoping that he’ll be able to continue his very smart and insightful market commentary for many years to come. It’s a drain on his health, but he seems to enjoy it.