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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: sun-tzu who wrote (162099)	4/25/2002 12:56:26 PM
From: Oblomov	Read Replies (2) of 436258

>> to me, historical patterns in the market are repetitive. things never change and people always make the same mistakes...over and over again. Again, I am challenging the validity of the historical construct, however you define it. Things do change - but the broad changes throughout history follow a pattern. Is this evidence of a true set of relationships existing, or just a construct that we have imposed on history (thus misunderstanding , while convincing ourselves that we understand)? The question is, is the construct valid? One cannot answer this question by merely observing that a correlation exists. Just because something has "worked" doesn't mean it worked for the reasons that you think. I am LT bullish as well, but I am open-minded as to what constitutes "long-term".

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