His 'big picture' thesis has clouded everything he did this year. Yes, he will eventually be right, but in the mean time there's money to be made. He's been fighting the market since October 2002! I don't know how he calls himself a trader; he's acting like a long-term portfolio manager, making bets based on his "THESIS" etc...If he's making trades you hardly ever hear about it...I don't know, I liked reading his thoughts better when he wrote for realmoney, but maybe that's just because the market was tanking and he was constantly bearish. I guess his luck ran out? PS -- I really enjoy minyanville for education value, and that's the truth...