I love how the doom and gloomers call out anyone pointing out a contrarian point of view to their own as "misconception of reality" and "claims with absolutely no basis"... Why don't you all realize that the market is down almost 50%. It was down almost 60%...That the markets were pricing in depression prices. Just because typical servere contractions see a huge over-reaction to the downside before returning to the norm doesn't mean this time that will occur. I love how doom and gloomers get to say "this time is different" and at the same time say "this time is the same" when it suit their thoughts. None of you is right or wrong because predictions are cheap and impossible. Over the last 16 months the doom and gloomers are right. Over the last 2 months Cetin is right. Who cares really unless your timeframe was 16 months or 2 months.
A Junk Stock Rally [View article]
Why don't you all realize that the market is down almost 50%. It was down almost 60%...That the markets were pricing in depression prices.
Just because typical servere contractions see a huge over-reaction to the downside before returning to the norm doesn't mean this time that will occur. I love how doom and gloomers get to say "this time is different" and at the same time say "this time is the same" when it suit their thoughts.
None of you is right or wrong because predictions are cheap and impossible.
Over the last 16 months the doom and gloomers are right. Over the last 2 months Cetin is right. Who cares really unless your timeframe was 16 months or 2 months.