Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (81116)	7/7/2008 3:09:41 PM
From: Proud Deplorable	Read Replies (1) of 116555

How often have these guys been wrong assuming that speculators are responsible for price action? I don't buy it. I don't care who this Horseman is he has lost all credibility by making a call like this. I'd almost sell everything I own for a chance to bet it against this call. (60.00) But I do agree with him on this and he should have trashed the rest of his article and just wrote this "While stocks are certainly oversold on a short-term basis, we don't presently observe features that have historically accompanied good opportunities to accept speculative risk." He doesn't understand the term paradigm shift. What's laughable is that these establishment types root for the system to continue on so their predictions can make them heroes but the population doesn't buy into this crap anymore. The times they are a changin and the first one now better not be last getting out.

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