I had been bearish on the markets and caught short, as many were, in the rally that began in earnest the Monday after Thanksgiving week in late 2011.
After all, the Eurozone had seemed destined for a melt-down, Greece was visibly cracking and the US markets had been in a funk of their own after the Debt Downgrade waterfall ride that summer. Looking at the chart, I had imagined that the end was nigh for the entire bear market rally off the 2009 lows.
But in a stick save move, both European and U.S markets were soon jolted out of their stupor with another robust bout of can-kicking, and boy did markets love can-kicking back then! So off we went and an absolute ripper to the upside was born.
All of this information is irrelevant except to tell you that I had blown out most of my speculative funds by…
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