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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Condor who wrote (10349)10/22/2008 1:01:09 PM
From: Jorj X Mckie7 Recommendations  Read Replies (4) of 33421
 
A couple of years ago here on SI there were some people talking about global warming and the increased danger from hurricanes. They were discussing possible ways that we could stop hurricanes so as to avoid having our manmade things in the path of these storms destoyed. The two things that they didn't understand is the amount of energy stored in a hurricane and that a few ice bergs towed to the middle of the atlantic aren't going to accomplish a thing, but also that hurricanes are one way that the earth deals with this excess energy. In other words, though a few (in the whole grand scheme of things) manmade things will get destroyed in a hurricane, the overall benefit to the earth is unquantifiably large.

The market is the same. Our bailout plans are icebergs in a hurricane. And these market crashes are a natural way for an economic system that is out of whack to deal with the weak and corrupt players.

The system would work if we let it.
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