Lehman Brothers and Buffalo Jumps

There was an amazing but predictable massacre of the short sellers in the market today. If you think you’re going to get up with the chickens like your old Uncle Kenny, review the news and then short the market with a herd of other “tourist” investors, prepare to see the Big Guns come out in the afternoon and mop the floor with you and your Robinhood brethren. Let me explain. When the Big Guns see people wearing their hearts on their sleeves and not keeping their cards close to their vests, they love slaughtering them that same afternoon. Don’t be a buffalo. Don’t be shortsighted. You’ll lose to these smoothies each and every time. Just look at the Lehman Brothers chart for an historical reference.