A guy stating that this is a good opportunity to buy more ultra short shares reminds me of the guy who just made 50K in 6 months flipping a condo,and then saying “gee, you know, I should try to flip 3 condos this next time around”
Usually when a it becomes a “no-brainer”, that’s when you get smacked against the head.
A true contrarian goes against the herd. For example: when I bought RIG at $12 a share, and oil was $10 a barrel. I’m sure the majority of the people were saying, “hey, I’m am doubling my short on oil stocks because I made a ton shorting thus far”
When I bought SRS at $25 I’m sure the majority of people were saying home prices would go up forever,and building homes is like printing money.
