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Your silence was golden.
Most of you ignored this post at your peril. Did you think I just randomly posted shorts, for no reason?
We thought you posted prospective shorts, for shorting.
And get those huge colored thumbs out from gouging my eyeballs. Who dares to either LIKE or even worse, DIS-like you…? Distracting and dumb, the big colored thumbs.
What do we like, Mousekateers? We all like truth; it banks coin. Keep dishing up truth, wherever it leads.
🙂
Very clever. Colorless thumbs. 🙁
But the core concept of removal thereof remains, even in black and white.
The passage of time is the only arbiter of what HAD value, in the investment world. Not popularity in the moment. Therefore, anything which can modulate the free flow of truth-guessing is contraindicated. We all want to be popular and be liked, it’s hardwired into us.
Did anybody particularly like David Rosenberg’s prediction of a 2% yield again, on 10 year Treasuries– which he made repeatedly in various interviews, back when the longer bonds were pushing recent yield highs?
No they did not LIKE it. They DIS-liked it, even ridiculed it. It is guaranteed that D.R., himself, disliked it at times. I heard his tone of voice, apologetic, explanatory. But he stuck w it.
Because he was saying what he thought was true; and now, like it or not, we suck on it, the truth of it. And how little it matters whether we liked his words or not, when they were still “actionable”.
The contrarian avoids popularity like the plague; complacency lurks in popularity. And our good and true Wood deserves thanks, rather than plague of any kind! (end of soap box, out.)
I saw them Mr Woodshedder. Great calls. You have been throwing out warning signs for most if not all of this move lower. You and bleier are shinning bright. Thanks for your insights.