Hi Bonnie Bear; Regarding: Whole market won't crash
Bonnie, your little minded friends are wrong. They have been
affected by the greed and credulity of a greedy and credulous
age. They do not believe except they see. They think that
nothing can be which is not comprehensible by their little
minds. All minds, Bonnie, are little, (but some are littler
than others). But compared to this boundlessly complicated
stock market that pervades our society, a man's (or a bear's)
intellect is a mere insect, an ant, as measured by the
intelligence of the market itself.
Yes, Bonnie, there is a market crash coming. It exists as
certainly as drug using and personality disorders, drinking
and car wrecks, teachers unions and uneducated children exist.
And you know that those things abound and give reason to your
life to be careful what you do. Alas! how boring would be
the world if there were no bear bear markets. It would be
as dreary as if there were no Bonnie Bears. There would be
no hard work then, no fiducial responsibility, no balance
and income sheets, no stock holders meetings to make this
existence meaningful. We would all be rich, so there would
be no one to take out our garbage. The gears of the world
would be halted.
Not believe in the market crash! You might as well not
believe in Alan Greenspan. You might get Peter Lynch
to hire economists to compute all the possible futures to
the world economy, but even if none of them conclusively
predicted a market crash, what would that prove? Nobody
sees market crashes, but that is no sign that there
will be no market crash. Did you ever see President
Clinton's private parts? Of course not, (I hope), but
that's no proof that they are not there. Nobody can
conceive or imagine all the wonders that the future
holds unseeable from us.
You can break apart the conglomerate and find out where the
faked earnings are hiding, but there is a veil covering the
unpredictable world of future human behaviour, which not
even the strongest man nor even the united intelligence of
all the smartest bears that ever lived could tear apart.
The existence of drugs, alcohol, lousy teachers and similar
things prove that mankind is not a rational animal, and
that he is driven by insane passions and manias. Does the
the efficient market hypothesis hold? Ah, Bonnie, in all
this world there is nothing more regularly disproved by
those who trade with their own money for a living.
No market crash! Thank God! it will come and punish the
greedy and stupid. A thousand years from now, Bonnie,
nay 10 times 10,000 years from now, markets will continue
to bubble and panic, and there will be massive opportunities
to profit from them.
-- Carl
Apologies to:
infj.ulst.ac.uk
P.S. I wrote this before I saw your more recent post:
Message 3852374
Which I think is an excellent call. Also note the similarity
of the VIX.X index to what happened before the recent October
fiasco:
tscn.com |
