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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (105180)9/17/2009 4:44:38 PM
From: TH1 Recommendation  Read Replies (3) of 110194
 
GST,

That was well said, and quite depressing too. We share a very similar perspective on this.

Recently a good and old friend challenged me on why I was so concerned with short-term movements and drivers of the stock market. This friend is a fairly skilled investor, but never a trader. He follows some variation of the Peter Lynch school and with fairly impressive success. My answer to him was that we have become the people of the lie, and if I didn't try to figure out what the lie was this week, I was sure to lose.

My friend disagreed, but good friends will do that.

One last optimistic note. If everything you have prognosticated come to pass, there is the other side to consider. And that side is that it must burn before we can rebuild it. I believe that is what will happen, and maybe in just 1 generation. Americans, for all their faults, are adaptable as hell.

GT
TH
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