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The Stock Market: The New Normal ? (blogmaverick.com)
13 points by jasonlbaptiste on Oct 28, 2008 | hide | past | favorite | 6 comments


Whenever anyone says this time is different it's a pretty sure bet that this time is the same as the last


That's always been true before, but I think if you look closely you'll realize that this time it's all different.


Cuban: My favorite drunken commentator.

I don't know, but I suspect his vino, while costing him 10x as much as mine, is leading him towards somewhat more foolish investments. Plus, he's consistently 24 months behind in his basic realization of things:

At no other time in the history of this country did savings fall as far below zero pct of income

O WeewY????


This is an interesting one

At no other time in the history of our markets have the words “blue chip” completely lost their meaning.


This time is different, for one unemployment is only 6.1%. If it goes to 8%, it will still be significantly less than the depression. I know he is slogging away with the day trading and it looks like hell, but step back, look at the long term picture and realize it has to go back up again. If it doesn't, we're in for a lot bigger problems than "my retirement account went down"


I want to know if he ever went ahead with his gambling hedge fund:

http://is.gd/4YSp




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