If I had listened to Fleck, I never would have gotten into the markets and tired very quickly of hearing him drone on and on and on...guys like this predict bear mkts forever, and guess what, even a broken clock is right twice a day...Fleck was doing the doom and gloom thingie for months on top of months while folks (including myself) were making a ton of money...if I have to give some back now, that's part of the game and I've personally done enough smart things (like pay off the mortgage, start up nifty zero coupon accounts for the kiddies, buy some new toys, etc) not to feel too much pain...I actually have nothing against Flake and his ilk, just have a stronger belief that the millionaires of yesterday and tomorrow were all long the market...can you name me one successful market pundit that was short the market?
Personally, I think its a case of all those who missed the big runnup last year saying (with tongues sticking out of mouths) "see, I told ya so, we all knew that bubble would break"!...markets are gonna have to see quite a bit more capitulation before they even come close to my numbers of last year and I cheated 'em when I took a nice chunk off the table...tell that to Bill. |
