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I have been on record as a bear since 2005-2006.  It was during that period that I felt like the stock market wasn’t pricing in risk correctly.That was then.

Today, the market is down 300-400 points, after bouncing up 400 points yesterday.The whipsaw process isn’t easy to watch, let alone trade. It’s this very process, that *usually* forms a market bottom. This could takes weeks to finish up, and who knows how long before the new trend is obvious. This type of extremely choppy market isn’t kind to anyone over the long haul. It is to nibble traders in the short term.

I am always early, easily 3-6 months early, however for the first time in a long time. I am feeling bullish about the prospects of buying real value with high dividends at these prices. Even in a slow down recession, not all companies get hurt.

I am really starting to like the Tech Value stocks. I have hated tech since it was in a bull market in the 90’s. I used to think of them as the stupidest money on the planet. That’s changing too.

In the new world of Federal Reserve driven low rates, it is going to be the Intel’s, and Microsofts, that start to shine. The AA-AAA rated corporations, with massive hordes of cash on their balance sheets, and paying out dividends that are extremely high yields when compared to US Trash.

Its going to take me a while to get used to the idea, that instead of an old grey Bear, I am now a young bull, climbing a wall of worry. I see the wall, and I have no idea how the market is going to do it, but for the first time, I don’t care, I want it to climb that wall.

I say the above, while my Plung bet has bounced green/red/green/red today. I may end up eating that position, and I accept that. I am always early, but this time I am looking at the market with an eye toward the Big Caps with great dividends on the long side.

There is a bull market being formed in this blood bath, when it starts, and from what level is unknown, but it is happening. It will start to climb the wall of worry.

This Old Bear isn’t wearing his suit anymore.