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To: Dale Baker who wrote (894)6/21/2007 1:06:36 PM
From: John VosillaRead Replies (2) | Respond to of 1718
 
'I'll remain skeptical that a few hacks at their PCs know more than the trillions of dollars in the world financial system put together'

Few of them know how bad it really is sitting int their ivory tower and are totally dismissing it just like they did the problems in TX in the mid 80's as being a regional event.. If they factored all this in correctly we'd never have stock market crashes<g>

Meanwhile GE and Intel broke out while the XLF has broke down..Quiet subtle changes taking place.. We can melt up just as easily as melt down here due to all the cross currents..



To: Dale Baker who wrote (894)6/22/2007 1:29:08 AM
From: No Mo MoRead Replies (1) | Respond to of 1718
 
"I know the SI armchair economists dictated that it must be so, but until we see something more than a typical cooling off, I'll remain skeptical that a few hacks at their PCs know more than the trillions of dollars in the world financial system put together."

So wtf are you doing on SI? People have differing views. Big deal. You don't have markets otherwise. From what I can see, John Vosilla's no perma-bear. No need to run down a good contributor.

Very few people have access to the masters of the universe on Wall Street. If you do, like I said, why are you here? If you're merely putting your trust in their mouthpieces, to use your words, "go for it".

Well before David Lereah and Bob Toll were telling everyone real estate was topless, I made decisions based on contributions from SI posters that saved me a LOT of money. That was not the first time.

I have no doubt that most SI posters are far better informed than than your typical lay person.