Look I meet a lot of unhappy people in the CITIES slagle, I am amazed these hordes of people remain as civilized as they do, as more rural america gets replaced by sardine can style living in the cities, I too see a downfall of sorts. The drug use in my county is unbelievable to me - I have seen thousands of dollars of heroin go into one person night after night after night - how that continues befuddles me. But certain large population centers from asia to south america have had hordes of people for thousands of years and no TEOTWAKI in an armageddon sense eh?
I buy the index in my vangaurd account, bogle makes a strong case of indexing and there are many academic papers supporting it, fama and french add a little to the mix but most of the long timers at diehards.org have done very well with indexing the past 20 years. You should read some of the discussions over there. I have done better the past 3 months in my vanguard account than in my personal trading.
You talk of travel, wind power was replaced by oil and that can be replaced by nuclear, we still have technology that is not being used on a global scale that can take us through the next couple of global economic cycles, after nuclear I do not know but until all the ships and cities have maxed out all the nuclear fuel in our world I don't see a growth problem.
When grandma millie is told she can either starve or freeze to death or have a nuke plant in her backyard, I bet she opts for the glowing food.
Phil had good advice today, the story about the man that reached into the lions mouth and ripped out its tongue had me rolling, he has to be one of the craziest guys I have ever heard.
The good thing about this thread is that at the end of the BUST, you have RECOVERY, so there is hope, even phil said there will always be opportunity, he is an optimist in the face of all the bullshit. He just lies to damn much - HAHA.
Wait on the rally to pull back Slagle, we have to find relative strength, all that crap on earnings and fundamentals - JUST NOISE - don't waste your time. |
