Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mary Cluney who wrote (61042)	3/15/2005 7:57:23 PM
From: Maurice Winn	Read Replies (2) of 74559

Mary, the main point is, as you say, that all the information is in the market, but the broad idea of people is usually wrong. They find out later what was true. Jay says such and such is inevitable. He must have his tongue in his cheek. He knows it is not inevitable that Taiwan comes under the rule of Hu Jintao and knows it is not inevitable that the Great Financial Collapse of 2001 might not happen [it hasn't happened yet, 4 years on and people have given up waiting]. Nor did the Great Depression of 1990 happen [Ravi Batra]. ideas.repec.org The mere fact of so many people expecting the collapse prevents it happening, in paradoxical irony. If they didn't believe it would happen, it would happen. Because they believe it will happen, it won't. It's a lot of fun in the markets. Mqurice

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