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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (89049)10/24/2008 2:25:50 PM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
I think I understand what you are trying to write but buying high in expectation to sell higher is not a loss that you bought is a mistake in judgment of value.

Based on your theory any one who is buying now gold at $700 buys into a loss because several years ago gold was $260

Same with crude oil for example every one buying crude oil at over $30 a barrel is buying into a loss because several years ago crude oil was $20 or less per barrel

This way of thinking is not accurate to define losses

IMHO everything has a relative value it may be over priced or underpriced or fairly priced – it is a matter of buyer –seller best judgment – to me panic is when people are acting irrational are forced to liquidated and the selling price is not based on their best judgment when pricing an asset

If going by your definition - better do not buy anything because then you will not loose anything
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