First of all I trade in a superior way, I was short yesterday and long today. Here is now my wisdom on stupidity of permabears and permabulls And you know who you are. If you are a permabull that probably means you are a position trader, you park yourself and you wait waitâ¦â¦and wait some more. Lets say you pick a correct side and market keeps going up, let me ask you. When exactly would you get out. Would you wait for 400 points drop on DOW before getting out Would you wait 800 points? Would you wait for a good chuck of your long waited profit to go âpuffâ before you exit. When a permabull or permabear keep saying UP UP UP or DOWN DOWN Do they realize that they WILL eventually be wrong. I rest my case.