Hello ACF Mike,
<<You are the leader of the BB&R doomsday band, an ensemble that plays one tune only, increasingly oblivious to the changing tempo of the dancers on the floor>>
… BBR has no leaders. It has more and less active participants. The thread participants are buying and selling, bullish on some things and bearish on other matters. We play, invest, speculate, and aim to beat all but the best of the funds, with better risk profile.
BTW, what funds are you holding again?
<<There are none so blind as those who will not see>>
… You are right, and there are none so close to absolute life-defining disaster as those who will not move.
<<Your perception of truth is filtered through those doom-colored glasses that you will not take off>>
… because there is no need to take them off for now, so that one is not blinded by Greensputin and dazzled by BurnAndKaput.
<<Question the BLS data if you will, but on the basis of methodology only, not on the premise that they are being manipulated>>
The data is handled, via bad methodology, and manipulated, through faulty logic. I am not a conspiracy-believer in the sense you probably mean.
<<I have a very clear memory of the progress of that recovery, for reasons that I won't bore you with, and so can tell you unequivocally that back then it wasn't until 1994 that the US saw meaningful employment growth>>
… When you find out that ‘this time it is different’, it will be too late to sell.
<<You can smell it. Yahoo up 150% this year … The economy is following the same path as it did in the '90s … With a little less hysteria than in the '90s>>
… Yup, together with the morsel of fact that Nasdaq margin debt is higher now than March 2000, I smell impending doom and absolute disaster, with more hysteria this time around because the Nasdaq will collapse once again, perhaps perfectly timed, with the bond and housing market.
<<You will be right....eventually>> … after many months of perfectly acceptable returns, hopefully following on with ‘fantabulously’ outstanding winnings.
Chugs, Jay |
