Quote:What a lot of people forget is that even in a down market you can still make a lot of money.  If you have some foresight and short a stock, you can sometimes get a good pay off.  Based on seasons/prospects, its a good strategy.

 

If you can do that, then congratulations, there is a job waiting for you on Wall Street.   And you won't be sitting with us peons in the stands, you will have a sky box.   

 

I just don't believe you can do that with enough consistency to avoid losing money.  

 

If you buy "long" your risk is limited to your investment.   If you short, your risk is theoretically unlimited.   Think about that.  Besides, do you really think you know more about what's happening at Acme Novelties than the average hedge fund manager who is doing this 24/7 and has a pipeline of information that you don't have?  

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