Intellectually Bearish

I always like reading The Big Picture, Barry Ritholtz. Here’s a quote from, Why Are Equities So Bid? that reflects my sentiment, fully.

We respect the price action, acknowledge our ignorance, afraid of being too long, are almost always intellectually bearish, have been ground up in the choppy action, and think the market is range bound.

I would only add ‘but risks falling off a cliff’.

Long live shadow puppets.