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

To: regli who wrote (50369)	5/1/2006 1:13:43 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Nickel Slots On the rare occasions when I've been to a casino, you'd have found me somewhere in the back, playing the nickel slots next to somebody's grandmother. Now, there are lots of activities in life where skill, effort and knowledge have an impact on the outcome. So it often makes sense to try even where others might fail. But if the odds are against even a skillful and knowledgeable person exerting a solid effort, it makes sense to walk away. By John P. Hussman, Ph.D. hussmanfunds.com [Note - This is the first time ever (that I recall) that he has been "neutral" on valuation although he is bearish on action. Mish] Mish