Hi Maurice, no blind faith in Greenspankie, no fantastic bravado from 26-year old Internet consultant, and no past history of fortuitously successful central bank intervention will be able to stop what is coming to us all, because these instances of fleeting human worship, employment market mis-pricing, and accidental governmental good fortune are exactly that, fleeting, mis-priced, and accidental.
Why? Because financial gravity has grabbed onto the flaming meteor of fast vaporizing wealth, dragging it inexorably towards final destruction, dusting the bottom of the potential energy gravity well with the primordial raw material necessary for rebirth of the next abracadabra. Newton vs. Greenspan will result in an uncompromising end. You know it, feel it, and yet refuse to count on it.
The positioning of many here is infinitely (a) patient, (b) entertaining, (c) profitable, and (d) wise, when compared to the positioning of others.
Your purchasing statistics will not save the market, is not saving the market, and only but one more bump on the unstoppable ride downward in to the valley of doom. I am enjoying the show, and I hope you are enjoying the ride.
Chugs, Jay |
