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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: booyaka5/24/2006 4:26:13 PM
   of 110194
 
Amen to this:

I had a reader send me a piece yesterday talking about the coming collapse of the financial system, the US dollar, and skyrocketing gold prices. I say only this. Among the thousands of possible outcomes… his may indeed be right. But my core philosophy holds that any scenario, which puts together a number of markets, in a complex grand scheme, with a well laid out plan for how it will precisely unfold, is the height of arrogance. Such thinking trivializes the complexity and dynamism of the system. Markets are like the weather. We have trillions of dollars of complex technology and piles and piles of historic data to help us forecast the weather, yet we STILL drop to a fifty-fifty guess beyond three days. The plain fact is; IT’S BIGGER THAN US! We are not ready, able, or advanced enough to predict it. By the time we can… we might no longer feel, or have the need to. Markets are the same way. And this stock market/gold relationship is a perfect example. We have gotten a tiny bit of foreshadowing that weakness in the global financial system would actually cause gold to fall as opposed to going higher. Markets (like weather) are about being flexible, and observing… ready to change one’s view as the dynamics begin to surface. Once you lock your mind into a pre-determined course of action you lose that ability to be flexible. And just like in nature… if you don’t stay flexible and ready to adapt… you die. By the way… if the global financial system does collapse… I want to own guns and ammo… not gold. fxa.com
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