Khan
Gone but not forgotten
- Joined
- Aug 23, 2006
- Messages
- 6,924
Yup. Again -- lovely to see those who are 100% convinced we're f****d accuse those of us who think it MIGHT not end worst case as being Pollyannaish "starry-eyed" optimists.
Let me ask you something. How many people here have said we're at the bottom and it's all up from here?
How many people here have claimed that there aren't significant economic issues that could be a headwind in the months (or years) to come?
How many people here have been ignoring some of the very real economic conditions that has led to a bear market since the October highs?
To my recollection, the answers are ZERO, ZERO and ZERO.
So I think claiming to see "irrational exuberance" is two tacos short of a combo plate. In your world, it would seem that ANYTHING other than seeing that we're doomed is "starry-eyed optimism."
Nice.
You may be right just as well as others -- hell, you may even be more likely than not to be right -- but I'll save yours, too -- and on the off chance that you're wrong, I'll looking forward to rubbing your nose in it. The thing is, if it goes down farther, you have no noses to rub into it yourself because no one here has been predicting an imminent reversal, just that we can't predict the future and that *historically*, bear markets reverse in 12-15 months. YOU are the one who are acting omniscient about the future, and if you are wrong, enjoy the embarrassment. I've seen no one here claiming we're on the verge of going higher, or that things won't get worse before they get better.
I've ONLY seem the doomsday crowd acting like they KNOW the future.
I swear, I am SICK and TIRED of people acting like there are only two possible takes on the economy, Pollyanna and Doomsday. Consider this the straw that broke the camel's back.
IMHO, all the social and economic advances of the last ~150 years were built on cheap hydrocarbons.
That's gone.
There's no way to maintain 7 BILLION people post Peak Oil.
I'm glad I'm old.