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To: Tommaso who wrote (77570)	5/4/2009 10:57:30 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

To me, Tice's warnings might be compared to anyone who dared to dissent from Hitler's ten-year program of military aggrandizement for Germany. Not to me. I find that comparison totally overblown. In my lifetime, currencies and energy prices have fluctuated wildly with periods of prosperity and recession. That will continue now; if gas ends up at $6/gallon, the US may find out what it's like to live like Europe has been living for many years now. Smaller cars, less driving, more public transport. Quel horreur. Don't get me wrong, I love hearing Tice and Mish and the rest continuing the permabear chant every day now. It makes it easy to buy well-functioning companies cheap and enjoy the profits under the stealth cover of more Armageddon predictions. Tice was mumbling how retail mutual funds have to meet some magic criteria for capitulation before the markets can really go up. While he has mumbled that the last two months, the markets popped 25%+. I don't want that man managing my money. I sleep better climbing the wall of worry than riding a bandwagon.

To: Tommaso who wrote (77570)	5/4/2009 10:57:37 AM
From: tom pope	Read Replies (2) \| Respond to of 118717

Whatever one thinks of David Tice, his line that denial is not just a river in Egypt was a good one. Admittedly, I like bad puns.

To: Tommaso who wrote (77570)	5/4/2009 2:42:04 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 118717

Funny but Dale's post reminds of a thread where folks were particularly early.. Quite correct but way too early.. Now the system has truly a lot of liquidity pumped in.. Still not to my mind really hitting the real economy hugely.. but sentiment is with the bulls.. I'm not convinced that the governments won't do the right thing and withdraw liquidity as required.. (which the bear view assume as a given)... The only thing I'm positive of is that we are due for a nice solid correction.. Hope I'm close enough on my timing like the last time.. and not until then will we know if this is a bear rally (simply propped up the zombies) or new bull (the liquidity main street and consumers keep their books balanced ).. Hedging myself has cost me upside in this market.. but allowed me to sleep.. Life is a tradeoff :O) All IMO of course :O) TBS