is it unPC to say permabear lairs all look the same? -g-
the JPM call was clearly wrong: all the supposed requirements were in place, the share price, price of gold, everything. yet it didn't happen. that much i think we can agree on. obviously that doesn't mean it never can or never will.
then again, latin america was going to bring down C and the rest of the banking system, and thirty years later that hasn't happened, either. yes, i know there's a reason, there's always a reason, in fact that's the point.
let's have a show of hands. everybody be honest, now. how many in here, when RTC was busy auctioning off what seemed like half of america, stood up and said "no problem, next decade, boom time"? how many in here told all their friends and family "holy batman, we're f'ed!"?
same question for the '87 crash. same question for the asian flu. russian default.
LTCM?
how many of you correctly and publicly said "not a problem, market going to new highs", and how many of you bemoaned the impending death of the american dream?
some of what i see being posted just leaves me shaking my head. imo it is complete lunacy to trade options based on the belief there is going to be a derivative meltdown. somebody - anybody - explain the logic of buying a lottery ticket for a game you know ahead of time you can't collect on if you "win".
first person to say "bail out" gets a virtual smack upside the head. -g- |
