Wednesday, January 19, 2011

bulls make money, bears make money

if you're a bull, eventually you'll be right. ditto for bears. the bears have it right now - and for good reason. but if history holds, it is in the depths of a downturn where, if you have the wherewithal to start a new business - you may see the most success. however, knowing that may be delaying people (esp gov) from making the changes needed to allow us to get back on track

my parents wanted me to be a doctor. one of the common sayings i heard from doctors was, "you have to hurry up and cure them before they get better on their own". sticking leeches on, or blood letting makes sense in that context - you get credited with the remedy even when making the situation worse. and that's what, imo, we're seeing right now. some folks expecting the economy to get better because it should be able to heal itself, while others see that the gov is sticking more leeches on, recommending letting another litre of blood, and charging the patient extra for the service. this one may not make it, and anyone who sees bears but pre-emptively predicts and plans for a bull - well they're pigs, and we know what happens to them

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