Hello Malcolm, <<Cobalt Blue, for Chri-sake you must have Jay Chen confused with somebody else>>
No, I am not afraid of CB mistaking me for someone else.
I suspect she is either being deliberately misleading, or not remembering correctly, or not typing properly, or simply paving the way for a graceful exit as Maestro Greensputin is apparently also doing (as in 'what ever happens next has not a thing to do with what went on before, I win; ooh I win I win I win').
Let me explain a bit more.
CB first and clearly claimed that Message 19992529 <<Ya'll have been predicting that there is a bubble which will pop since 1996-1997-1998-1999>>
… which is clearly wrong, but she may not care that she is wrong, only wanting to leave folks with the impression that I had always been bearish. She deliberately ignores the truth that (a) I have been on SI only since January 2nd, 1999, and (b) BBR thread was started on July 20th, 2001.
Having been directly repudiated by me on this clear and present factual mistake, she then changes her tact and responds just so,
Message 19992695 <<You've been on SI since 1/20/1999. That's five years by anyone's book, including yours>>
… and tries to make me into a person who cannot count.
This is standard lawyer practice and the lawyers think themselves clever by such machinations. I merely find the maneuverings transparent and amusing.
CB then makes the charge Message 19992529 <<Maybe you're like the proverbial stopped clock which is right twice a day?>>
… and so laying the ground work for me to be eventually, and inevitably correct, and still not then having to concede that bigger booms leads by whatever pathway to larger pops, debt was a problem that got larger in the course of Maestro Greesputin and Professor BurnAndKaput’s actions, and that Depressions are in fact not OK.
Then, get this, for good measure, CB taunts Message 19992529 <<But if I'd listened to you, I'd be far poorer now>>
… well, golly, all my thoughts, fears, imaginings, and trades are conveniently aggregated for all to see, and here is CB, who the last time I bothered to asked had distinctly said she was “all cash”, and somehow I am the poorer for my moves, even as the USD variety of cash she was presumably holding had very clearly gone, not up, but down, and down a lot.
So, up is down, down is up, and 1996 to now is 5 years, being bullish on some things and bearish on other things is being a proverbial stopped clock which is right twice a day. All that is standard lawyer practice, works for the unthinking mob but thankfully is only entertainment on BBR.
Not satisfied, CB throws out Message 19992529 <<No points for being right once in five years>>
… which I suppose could be correct unless of course being right once in 5 years results in 5 years of relentless gains. So I guess CB is wrong on that score again.
Finally, for good measure, she threatens (threatening is evidently a very in-thing to do these days) Message 19992529 <<I've been keeping score>>
… to which I can merely let drop on the sidewalk next to the three opened tins of cat food left in the sun about a week ago.
I am figuring that the election season brings out the unprovoked ‘nasties’ in people, even folks like CB, who ordinarily is by my measure fairly balanced and reasonable sort.
It’s OK, for this phase shall pass, as soon as folks realize that valuations are high, equity backing is low, debt is high, prospect is dim, and leadership, in the market place, is poor.
Besides, this phase is maximally fun, sorry, I meant FUN, and we should enjoy it to the fullest before entering the next phase of events, and see if what should happen in fact does take place.
Chugs, Jay |
