They're real, but few survive. High risk investing is dangerous to your bank balance. The process toward extinction is that an angel risks money in one venture. It fails. Then, he joins a group of angels and risks money in another venture. It fails. At this point, angel usually hands in his or her wings.

To be an angel, you must have considerable discretionary income. This is why most angels are attorneys, accountants, medical doctors or successful small business people. Attorneys and accountants often form angel groups from their client base. Their goal is to take ride on roller coaster without paying for ticket. Their clients invest in project and they get a piece of action. Since action is usually bad, all they get from effort is a reduced client base.

Angels want to invest within fifty miles of their location. This allows them to visit office or plant of investment on a regular basis. As company starts to fail, proximity card encourages angel to try to take over business investment. This mistake is often made by successful small business people.

I'd defer to a study on odds of attracting an angel to your company. However, my experience suggests that an angel will invest in about one company out of every three hundred that send angel their business plan. My experience is based upon working with San Francisco Bay Area Venture Capital Clubs over a decade ago. Given greater investment interest today, your odds may be better than 1-in-300.

Last week, most Daytraders had a terrible week. The Bear slaughtered them by thousands. There was "Blood in Streets" at wire houses where Daytraders congregate. Did we witness beginning of a Recession or Depression last week?

There are many sound reasons for betting on Bear. Here are a half dozen reasons that Bear should win. 1. We've had a 17 year Bull Market. It has gone on too long and DIA is too high. 2. Private businesses are making less profit. 3. Few public companies are profitable. 4. Business costs are going up faster than business revenue. 5. The Feds should tighten money supply. I doubt they'll do it because they will fear Bear and potential of a Recession. 6. Inflation is higher than Government reports. The Government removed heating oil and gasoline from inflation index because they have nearly doubled in price.