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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (247508)	5/10/2010 1:57:41 PM
From: LTK007	Read Replies (1) \| Respond to of 306849

But having followed Faber for years, i hold his short trem calls are just about the average of ALL the best callers, that being "just" between 50-60% correct. There are ZERO magicians on shorterm calling, studies will show that, truth is anyone that can call 50% with CORRECT stops, will MAKE money and NOT breakeven. Faber's 7 !!!GREAT CALLS!!!! all were calls made for the future---time frames as much as 5 years out. Thus i do NOT promote Faber for shorterm calls, beyond his being just of the average of the best, which isn't that impressive. Regards shorterm trading/investing i give again the GREATEST QOUTE i have EVER read---EVAH!(as they say in Maine:) It is Soros'es quoting his #1 rule of trading--his, i repeat, #1 rule. George SOROS: "Being right or wrong on a call is IRRELEVANT. What really matters is what you profit when you are right and what you lose when you are wrong" which leads into his saying that his RULE #1 in the market is " Maximize profits when you are right and minimize losses when you are wrong". Max