Crash of 2014: Like 1929, you’ll never hear it coming - Paul B. Farrell - MarketWatch:
How to predict a crash? The secret is programmed in your brain, your genes, your psychological personality profile. You’ll do what you always do. Look within. You’ll keep playing your own version of musical chairs, either naturally bullish or naturally bearish, timing your exit strategy to suit your risk tolerance, your judgments, your beliefs, biases, ideologies, not the data.
"But when the Mack truck suddenly shifts into high gear ... accelerating rapidly ... finally catching all of us by surprise... none of this will matter ... you’ll never hear it coming ... till too late ... few did in 1929, in spite of all the warnings ... you didn’t hear in 2000 ... nor in 2008 ... nobody will in 2014 ... the Mack truck will finally catch all by surprise, once again."
'via Blog this'
How to predict a crash? The secret is programmed in your brain, your genes, your psychological personality profile. You’ll do what you always do. Look within. You’ll keep playing your own version of musical chairs, either naturally bullish or naturally bearish, timing your exit strategy to suit your risk tolerance, your judgments, your beliefs, biases, ideologies, not the data.
"But when the Mack truck suddenly shifts into high gear ... accelerating rapidly ... finally catching all of us by surprise... none of this will matter ... you’ll never hear it coming ... till too late ... few did in 1929, in spite of all the warnings ... you didn’t hear in 2000 ... nor in 2008 ... nobody will in 2014 ... the Mack truck will finally catch all by surprise, once again."
'via Blog this'
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