OK...almost sorry I started this thread. Seems to have morphed into a forum on God, religion, metaphysics, personalities, freedoom of thought & speech, physics, astrology, astronomy, and other assorted non resolvable issues of belief. My intent was really to see how many of us really were superstition in the baseball sense...wearing the same shirt, having a lucky bat (ala "The Natural"). Stuff like that. And how it affects those around us. (Unless of course we trade alone at home). Stu, Darkhorse....take some advice from that infamous philosopher Rodney King. We are all on the same team really...we have the same objectives, the same adversaries in general. Let's lighten up and make some money!!!
rodney king "can't we all get <i>a long</i>?" set off the great bull market of the 90's. I wouldn't get too long right now, tho. <a href="http://www.citivu.com/ktla/sc-ch1.html"> <img src="http://www.citivu.com/ktla/laund.jpg"></img></a>
do i detect a desire for subject change, lol here's a fun article from comstock partners for all the bullish folks ============================= A Comparison: 1974 And Now A View Of Extreme Pessimism The pundits have apparently decided that we reached a downside extreme on Friday, and that now is the time to buy stocks. If this is a downside extreme, it is a most peculiar one. The classic downside extreme of the past 30 years was the one that marked the 1974 bottom. Then, as now, there was a lot of bad news around about the economy and the world in general, and the air was full of gloom and doom. Nevertheless the degree of pessimism that existed at the 1974 bottom was far greater than it is today. To see what a real downside extreme looks like, letâs compare. At the 1974 bottom the S&P 500 sold at 7 times earnings; 65% of the advisors in the Investorâs Intelligence Survey were bearish; equity mutual fund cash was 11.7% of assets; and only 4% of stocks were above their 200-day average. Now, thatâs what a real downside extreme looks like. By way of contrast the S&P 500 now sells at 43 times earnings; 35% of advisors are bearish; equity mutual fund cash is 5.3% of assets; and 60% of stocks are above their 200-day average. On a more anecdotal level, now most investors have held on to their stocks and want to know when to buy more. The leading financial magazines feature the stocks to buy in the recovery. In 1974 investors fled the market in droves and swore they would never buy stocks again, while the periodicals ran articles saying that the market would not come back for a long time. In our view the market remains highly overvalued, and investor capitulation is still ahead. We regard any rally as yet another opportunity to reduce exposure.
can't find a picture of the reginald denny attack anywhere on the net...so much <i>democracy in the new media...</i> It's much more like Newspeak.
1984, another classic. 'Men can only be happy when they do not assume that the object of life is happiness.' -George Orwell p.s. to keep it light, here's a recent photo of fasterpussycat (welcome back ol' buddy ol' pal)
darkhorse: You started your last post off by saying to me " Your arrogance is amazing" You accuse me of arrogance presumably because I completely disagree with you and because I say that your view is, in my opinion, an irrational superstition. Then you say "If we were to have an organized and judged debate in a public forum, I would crush you like a grape." Now darkhorse ...that is arrogance..... and hypocrissy at the same time. So if that is how you assess the holding of a discussion, then I admit you win hands down. I suppose you will make your extra points should you ever manage those two affronts in the same sentance. My argument becomes tautological for the reason that I am attempting to put a particular point accross whilst being accussed of arrogance, foolishness, and ignorance. Sometimes it's the only way to try and keep on the subject. I see the same old weapons of insult used by those who think they are right whilst dissenters are always wrong and they hold the meaningful and only answers from their God beliefs. I do not pretend the rationality is on one side, my point is, you always have to examine and question, not just accept what someone else says is rational, whether it's from you who says it's ultimately your God where answers are to be found, or I who says there is more rationality found in science. Positions like mine become unassailable over time when you and your like respond with the same old rhetoric and remember......you may never know where the major guns are until they fire. ps Keep swapping the quotations, the more yer find the more convinced yer'll get
Stu: I called you arrogant because you call me names and insult my ability to reason. I have demonstrated that my beliefs are based on rational and logical assessment. This means that my beliefs are not 'blind,' whether you agree with them or not, and I am not 'superstitious,' whether you agree with me or not. We can agree to disagree. But you have resorted more to attacking the man than attacking his points, and that I resent. I stand by my public debate comment because I have backed my points while you essentially have not. And also because it's true. The main thrust of your responses has been repetition of unbacked assertions, perhaps in the hope that you can win by saying the same thing ten times over. That's not debate, that's propaganda. Shall we do an analysis of who has made multiple unanswered points of logic here versus who has sounded like a broken record? Accept the fact that not all those who disagree with you are fools, and move on. Your insults and wisecracks only betray the weakness of your position.
no news to prop this market up (so far)...risk to the downside...think people will carry shorts over? guess it's too early to tell.