Mar

8

Many lessons of the list are coming in handy these past few days such as lessons on canes, leverage, liquidity, and survival. More heed might have been taken though to the bear's argument during the past few months, as they were not entirely wrong or foolish. Never underestimate the opposition. It is easy to delude one's self as we and the market were.

Since this panic was the biggest drop since 9/11, it is odd, since there is nothing really wrong like there was on 9/11. It was just one of those seasonal panics that come with the regularity of the seasons or the years as the case has been. The news is good, the economy is good, the market is good, and even the price is good. Anyway, a good time to get long, as it has been difficult to do so for months now.


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