john,
One of the entertaining things about trading is that it highlights certain elements of one's personality in stark relief. OVer the years I've come to accept that I'm a pessimist, a bear, a glass half empty kind of person. So when you say
Think 1B cars on the road in Chindia in another 40 years for starters and the ramifications of that many middle class consumers.
my gut reaction says "No way." We don't have the food, the energy, other natural resources(steel, lumber, copper, plastics/oil), or enough places to dump the resulting pollution for Chindia to ape the consumer society of the US from the last 20-30 years.
I'm prepared for anything at this point even a meltup like 20 years ago in deteriorating economic conditions.
How, if I may be so bold as to ask? I do my best to remain market neutral, looking for mostly pairs trades and spread opportunities although I always have to force myself to find suitable longs for my portfolio, so arguably, "I'm prepared for anything", but it rarely feels that way to me, especially lately.
foh |
