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7/14/04
Dangers and Angst: Going Against Billionaire Liberals

Sage of making money on his bearish dollar position today, and one will be tempted to offset some of his profits by going against at end of day. Reminds me of two things.

I always used to go to Soros' house around here in summer before he ostracized me because he don't like me any more. Whenever I'd go there, I'd always be against all the big people with positions . And at the Saturday parties I'd go crazy seeing them dance with all the pretty girls with billions in their pockets, and I was going against them thinking what they'd do Monday. A similar phenomenon always happens when I have big party. 2 years ago, I had one of worst days ever at spec party as 25 well meaning specs looked on as one's life in markets and otherwise dangled precariously on a precipice. the posts about looking at a screen influencing prices reminds one of the us plane that was shot out of sky by Libya over the Mediterranean on a Sunday. Yet gold managed to go up 8 bucks the previous Friday, a very rare 1 in 100 kind of event for that day.

7/14/04
Steve Wisdom Comments

"and at the Saturday parties I'd go crazy seeing them dance with all the pretty girls with billions in their pockets,"

Cf the old joke:

Bob, a wealthy 70 year old, is parading his shapely new 25 year old wife around the country club. Bill: 'Wow! How did you rope her in?' Bob: 'Well, I lied about my age.' Bill: 'You told her you were 50?' Bob: 'No. 90.'