The nice thing about the ignore button is I don't have to read the drivel he produces.
However, I'll take a guess at what he wrote -
"why are you taking shots at me when I was right and you weren't?" Hogwash. Nothing is radically different today, and the sector is in better shape than it was. So he happened to call the market? Lucky once. In the meantime, I've not been badly hurt, but made a ton prior to this. I don't mind suffering a bit on this because it's a strong long termer.
The main problem, of course, isn't that he was "right", but that he gloats about it. This point, made over and over again, is totally lost on him. Nobody would have minded his comment earlier if he'd been conciliatory. But he was nasty, called me names several times, and engaged in schadenfreude over and over. Not a drop of gracious behavior on his part.
"the market is still in dire straits and it won't come out any time soon" Again hogwash. Soon must be defined, and apart from 9/11, it was already stabilizing. In fact, 9/11 gave me great opps to pick up cash when the idiots sold and I went long. As I have stated on several different posts and threads, this market will recover not as another bubble (which it isnt' doing now), but as a longer term growth vehicle like it was in the late 80's. The late 90's was the hubris of youth plunging in and not analyzing the risk. Now that those unrealistic "investors" have had their comeuppance, consolidation and growth will bring the long term managers to the fore. |
