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View Full Version : Markman calls a spade a SPADE!



jtabeb
04-23-09, 09:10 AM
"It's not natural for Americans to abandon a dream, but continuing to believe that the economy is on the verge of a turnaround would be a costly mistake."


"Yet hope is a silent killer when it comes to investments. It is the masked destroyer of capital and dreams, the ironic opposite of its definition. And that is why government officials and corporate executives have learned to exploit hope when their backs are against the wall and they see the guns of fate pressed to their temples, as they do now."

http://articles.moneycentral.msn.com/Investing/SuperModels/investors-leave-hope-for-dead.aspx

Yep, it's a DICKFER alright.:mad::eek::(

ax
04-23-09, 10:09 AM
"It's not natural for Americans to abandon a dream, but continuing to believe that the economy is on the verge of a turnaround would be a costly mistake."


"Yet hope is a silent killer when it comes to investments. It is the masked destroyer of capital and dreams, the ironic opposite of its definition. And that is why government officials and corporate executives have learned to exploit hope when their backs are against the wall and they see the guns of fate pressed to their temples, as they do now."

http://articles.moneycentral.msn.com/Investing/SuperModels/investors-leave-hope-for-dead.aspx

Yep, it's a DICKFER alright.:mad::eek::(

Markman, give or take a column here or there (probably at the prodding of his microsoft masters), has been properly pessimistic on this mess. And this just in, home sales and prices plunged in March. But weren't we just told prices rose since the beginning of the year. Dickfer indeed.