Want to Run with the Bulls
But avoid being trampled by the crowd?
It’s easy to be caught up in the exuberance of running with the bulls and run away stock markets. It’s exciting! The grand European tradition held every year at the Festival of San Fermin in Pamplona, Spain attracts huge crowds just like a bull market draws in money and crowds like a magnet. As the Dow soars higher and higher, more and more people regret not being “in the game.”
The running of the bulls tradition now attracts over 1,000,000 visitors each year. The running of the bulls involves hundreds of people running in front of six bulls down a stretch of narrow streets in the old town of Pamplona. The run ends in the bullring where the bulls are held until the afternoon’s bullfight and are then killed.
Why otherwise sane people would intentionally run in front of six wild bulls is beyond the imagination of this writer, but they do it every year and have been doing so since medieval times. I would ask the same about otherwise intelligent people wagering their life savings in a market that will inevitably put on the brakes. When the brakes are applied is anyone’s guess, but they will be applied and it is best to have your exit strategy well planned in advance.
Warning – Do not click on the next link if you have a weak stomach and, as they say, "this movie is intended for mature audiences only." Don’t bring the kids to a bullfight!
Remember that, in the end of San Fermin, the bulls are killed and plenty of participants are killed or maimed each year when the bulls run off the track. When this market corrects as it inevitably will, be sure to be in the right place at the right time. You don’t want to be trampled by the crowd when they head for the exits.
Are You Ready for the Ride of Your Life?
In the U.S., we have our own version of bull fighting and it’s just as dangerous. Take a look at this video before deciding to jump on the back of the bull or the bucking bronc glorified by Curly ...