Obvious Beforehand

It is obvious to me that the market will shortly (before July) have a 10%+ pullback in response to concerns about declining profit growth and mean reverting profit margins.

This conversation has been had over the last year but has yet to have effect.

Just saying!

P.S. I say this because I have a decent sized short position and it is getting hammered and I expect I'll be stopped out shortly - not long before the market loses its courage. It is also equally unlikely that I will reinitiate a short position in time to take advantage of the pullback - just the way things seem to work out.

P.P.S. This post points to the importance of behavioral issues, patience, courage, conviction and downside risk management/limitation. 

Prophets

All people desire false prophets, who, through the glorification of their gods, glorify their followers, and themselves. People long to be flattered in regard to their desires and virtues, their religious feeling and social activity, their will to power and utopian hopes, their knowledge and love, their family and race, their class and nation.

True prophets are the instruments of God in the actualization of His judgment against mankind. They are instruments in so far as the prophetic word always excites the opposition of man with respect both to his vital existence and his moral and religious existence - indeed, particularly with respect to his religious existence.