This stream is still relevant, even if unread, because Zombie thinking remains pandemic. I don't care if nobody reads a great rant because the rants are often just me thinking out loud. If the rant runs into logical quagmires I delete them and cancel that line of thinking, which has happened many times. If I mention a line of thought and others can point out why it's bung thinking, then that's a great help to me. There's no point in hanging onto an idea that doesn't work. Even no response is food for thought = "Hmm, nobody is in the slightest interested in such ideas. That's interesting. Could be profit in it for me."
If they all disagree and their arguments don't hold water, then it's a huge opportunity, perhaps to run for cover while they go down with the ship,as in Globalstar when they all thought high minute prices were a great idea and my pricing rants were ridiculous, or maybe to hold on to CDMA while they all figure out after all that CDMA really truly IS the best way to deliver not just cellphone calls but mobile Cyberspace.
By having this stream here, it reminds me of how it all went belly up financially and when and why and helps keep things in perspective. I think "Wow, that was [now] 10 years ago and people have still not figured out that their own Zombie thinking was the cause of the demise, not Uncle Al KBE or lately Big Ben. " It serves as a good warning to me to stand well clear while they destroy themselves. No point in going into the maelstrom.
I have been clearing the decks, while doing things like shorting GLD, JPM, WFC, BRCM when irrational exuberance seemed to be burgeoning, then covering when it bottomed out again a month or three ago. There's never a dull moment in the manic markets.
Mqurice |
