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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2652)	3/22/2004 11:57:45 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

theoretically Benson is righton practically, he is like Buffet, ignoring the last 10% to be made on bonds in the blowoff or is it the last 5% ??? Why should I care whether or not Benson is right in theory? Especially when I disagree with his theory in the timeframe I am playing. In the timeframe he is playing (I believe he was massively wrong). Now, one bad call does not turn a genius into an idiot but I do not know enough about the guy to say, but that was a very very bad miss. As for Buffett, he was not wrong at all. He merely chose not to play tech. That is not a wrong call or a bad call, he just had no interest in that market. It is like saying I am wrong about soybeans just because I choose not to play them. Are you in soybeans? If not, does that make you wrong (since they are at 15 year highs)? People choose to be in or not be in certain markets. Someone who refused to play the greater fool theory in tech was not really wrong IMO. You could have quadrupled your money in soybeans easily. Were you wrong to not trade it? Mish