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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (76146)12/19/2006 11:18:35 PM
From: russwinter  Read Replies (2) of 110194
 
<Wall Street is always bullish - first it is usually correct, and second, there is almost no penalty for being wrong if you're bullish - but the penalty is heavy if you are wrong and are bearish (say goodbye to your job).>

"A sound banker, alas, is not one who forsees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him".
- John Maynard Keynes
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