After almost 6 years of constant buying pressure. Stocks rallying to record highs and asset prices surging a new disease has emerged. It's been spreading 'buy' the day, growing more intense, giving off increasingly foul odors.... its in the same class as a STD.
STRH can affect anyone who is accustomed to pretending they know the market. STRH clouds judgement, makes the patient irrational and exuberant. It makes them buy stocks that have no business trading, and short stocks that are poised for massive rallies. It makes the term ass backwards relevant again. Too bad a swift kick in the ass doesn't eradicate the disease.
What is STRH? Selling the Record Highs. As stocks have soared to record highs we are seeing more and more patients wondering why they didn't buy this rally. We are seeing more and more shorts wondering when this market will fall.
This disease has ruined the bank account of many the last 5+ years. Fortunately for most of those with the disease they merely post their ill advised theoretical trades on twitter. The have no financial stake and as such they don't lose any money. Others with the disease trade in some far off land and in a currency that is impervious to downside. Doctors have seen some miraculous assertions. Be advised this is a serious condition.
Doctors have called this the "I'm a heck of a trader" fantasy. The trader succumbs to the illness and then pretends on a daily basis to be shorting the record highs. They pretend to know what they are talking about utilizing a thesaurus and Tim Robbins DVD's.
They short every top the market makes, never cover, and weeks later short again. Like the six year olds vision of a unicorn, this oasis is a mere aberration. A figment of the imagination.
What is the cure?
Doctors have noted trading with real money cures STRH almost immediately. What happens, in almost every case, the trader loses all his money and becomes a monk. In a few cases former baseball players, namely ones who chew a lot of tobacco, try to return... but find little interest.
It's a tough disease. More prevalent than ever. Keep your eyes and ears open. These prospective patients need help. A dose of reality could be the best medicine they ever receive. Be wary of pundits repreatdly spreading their wrong trades. Fool me once shame on you, fool me 6,356 times.... I must be very sick. Thanks for heeding the warning. God's speed to you.