ANYONE who thinks that THEY KNOW for certain where any one financial mkt is headed over the short or medium term is a clown, pure and simple.
Ever time you buy or short a stock you are making a prediction on the economy, and the equity. To believe that all predictions are fruitless suggest that you subscribe to the "Blind Luck Theory" of investing. In sept 99, I never said gold couldn't rise. I said that after the ECB agreement that the ECB was playing into the hands of the shorters. Since it's fall below $300, I made the statement:"You'd not see gold higher then $310 for the remaining 99, and would be lucky to see gold above $300 for all of 2000". {this while you were predicting a rise to $450+} Well, guess I'm more right then you.
You suggest that people who predict economic trends is a fool/clown. Yet any economists would disagree with you. To suggest that I follow you to other threads is a lie. I've posted on the MDD thread for a long time now. You are a contrarian pragmatist... you take the view that the economy will crash or sink by 50%, yet in doing so, you are predicting the future. Thus, in your own words, you are a clown. I actually thought your shorting of Dell was right on a few weeks ago. But your lack of covering around this price is wrong, thus my asking you.
Hutch
PS: as said before:"You'll be dam lucky to see Gold above $300 this year" |
