mattwright:

I reduced my equity exposure a little on Thursday.  I was a little uncertain about it, but your post provides good confirmation that this rally is nearing it's end, so now I feel better about it.

Good for you.

Let's revisit this thread a few months from now... We'll see who is the REAL contrary indicator between you and I

mattwright:

I reduced my equity exposure a little on Thursday.  I was a little uncertain about it

What's a little?

1%

2%

10%

20%

And why did you stay long last March if you believed Cramer is an idiot with his calls? Why didn't you just sell everything?  Are you here to entertain us or are you all talk and no action?

Let's revisit this thread 6-9 months from now and we'll see who's the REAL contrary indicator 

"All of this talk by the bears that we are in a recession, that we are facing a big bear market, all it's doing is to scare people. The reality is that we have an economic slowdown, and we are facing a stock market correction, no bear market. The bear’s comments that we hear every day are laughable. The one that are in cash right now are looking more and more foolish" (Brinker)

Cramer is bullish and called the bottom

Brinker with a proven long term track record is bullish and calls the bear’s comments laughable.Did I mentioned another long proven long term track record is bullish? Yeah, Russell is bullish as well...

 Yeah, we should listen to mattwright and be all in cash... Perhaps he's the reason why we are in a bull market right now

Who said I was in cash?  I have very little cash right now, because there are plenty of opportunities.  Just not in the broad equity market.

Richard Russell has been flip-flopping every few months recently.  Considering that Dow Theory is supposed to be a long-term indicator, he must have trouble reading the charts these days.  I ignored him in 2004, 2005, and 2006 when he was bearish.  Were you singing his praises when he was calling for Dow 3000 or lower?  A history of his completely off-base guesses can be found at http://www.cxoadvisory.com/gurus/Russell/

The simple fact, Openhurdle, is that I went defensive last year while you, Cramer, and LondonRoad were ultra-bullish.  In January and March when the S&P was around 1300 and Cramer was about to commit suicide because he was so depressed, I was buying back in.  Now that all the momentum players have turned bullish again and are wagging their tails at the absurd data that the government is providing on GDP, jobs, etc., it's time to take a little off the table.  Pretty simple contrarian strategy.  This move isn't going to make or break me.  I already dodged the losses on the way down and made good money on the way back up.  I use a "keep what I make" approach.  Maybe that doesn't work for you.  Maybe you need to listen to soothsayers and showmen to tell you what to do.  I hope that works for you.

mattwright:

Richard Russell has been flip-flopping every few months recently.  Considering that Dow Theory is supposed to be a long-term indicator, he must have trouble reading the charts these days.  I ignored him in 2004, 2005, and 2006 when he was bearish.  Were you singing his praises when he was calling for Dow 3000 or lower?  A history of his completely off-base guesses can be found at http://www.cxoadvisory.com/gurus/Russell/

The simple fact, Openhurdle, is that I went defensive last year while you, Cramer, and LondonRoad were ultra-bullish.  In January and March when the S&P was around 1300 and Cramer was about to commit suicide because he was so depressed, I was buying back in.  Now that all the momentum players have turned bullish again and are wagging their tails at the absurd data that the government is providing on GDP, jobs, etc., it's time to take a little off the table.  Pretty simple contrarian strategy.  This move isn't going to make or break me.  I already dodged the losses on the way down and made good money on the way back up.  I use a "keep what I make" approach.  Maybe that doesn't work for you.  Maybe you need to listen to soothsayers and showmen to tell you what to do.  I hope that works for you.

mattwright, I don't subscribe to Russell, just pointing out what this article said about him.

Why is Russell's opinion worth listening to? According to the Hulbert Financial Digest, his timing signals for the stock market's major trend rank at the top for risk-adjusted performance since 1980, when the HFD began monitoring the industry

Link

So obviously mattwright you don't get the facts. You think Cramer is an idiot. You misunderstand my point on Cramer, and your market calls are strictly based on the majority of people being bullish or bearish, so you can take a contrarian view... Sorry mattwright, but I rather listen to two things when it comes to investing

1. Charts

2. People who had a long term track record of being right most of the times

I don't listen what the majority of investors’ feels where the market is as you do to take a contrarian position

PS. I will tell you for the last time: I do not listen to Cramer stock picks. I don't listen to Cramer MadMoney show. I think that show is a circus and Cramer the clown. Having said that, I think when it comes to Cramer writing a professional article on the big picture (and he writes this once in a while) Cramer is worth listening to. IS THAT CLEAR mattwright?

I don't always appreciate Mattwright's posts, but his calls have been on the money since last Fall.  Just giving credit where credit is due ...