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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (36038)7/23/2005 7:15:53 PM
From: Wyätt GwyönRead Replies (1) of 306849
 
Consider your investments in the oil and oil services sector, you chose to speculate during a cyclical bull within a much larger bear

what are you referring to. how do you know oil is in a bear market (look at your quote below where you claim nobody can know what the market is doing). it is very strange to call something that has quintupled in five years a bear market.

i don't think i'm speculating in oil, anyways. if somebody owns a restaurant, are they speculating in food services? if you own a house, are you speculating in RE? i think speculation is determined by leverage relative to portfolio, more than anything (also, wasting assets such as long calls are obvious speculations).

I never attempt to tell the market what it should be doing. I have no way of knowing what the market should be doing and neither does anyone else

if you really believe that why don't you just invest in index funds for equity investments, because you believe in EMH.

i think the market is full of shiat, personally, and i'm glad for it because otherwise there would not be overpriced and underpriced assets.

You mean you chose a different type of work

i was being facetious as usual.

but then many trust fund hippies have been induced into a purposeless life

how does one determine that another's life is purposeless? is it purposeless if you have long hair and have a trust fund and don't have a regular job? is it "purposeful" if you have regular hair and no trust fund but work all the time? who gets to decide whose life is purposeless and whose is meaningful?

who gets to decide what work is?
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