Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (71261)	5/4/2009 6:49:50 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

Wow, FAZ has fizzled. It looks as though "Sell in May and go away" is a nice saying but not a sure bet. A bit like "If the glove don't fit, you must acquit". It rhymes, sounds good, but doesn't necessarily have any relationship with reality. Financial relativity theory is as relentless and far reaching as gravity, so it might just be that Big Ben's plans come to fruition. The doomsters want hyperinflationary explosion into disaster, or deflationary implosion into black hole catastrophe. Unfortunately for them, there is no law of the cosmos or financial relativity theory that says either outcome is inevitable. A happy, balanced journey into the future with continuing synergy by 6 billion people is looking increasingly likely. We are now three years into the market clearing process and while Chrysler and others are lined up for the chopping block, the process is orderly enough with buyers ready to take on the parts and put things back on track with redeployed people who were producing things such as SUVs, luxury cocktails in exotic holiday locales, expensive jewelry and early retirements to multiple extravagant houses. The bust and collapse had better hurry up and happen or it'll be too late. So far, prices are more sensible and I can get work done easily. I am hoping for more serious price decreases - all sorts of people think they are worth $200 an hour [to start] in NZ. That's ridiculous. I think they are worth $20 an hour. Mqurice

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