almost election tuesday, page-43

The one thing that bothers me is that I said a couple of years ago that resource companies would be the next dot.com bubble and bust.

I believe Armstrong called for about 2007 as a top or an extension into 2011ish for commodities, and I thought some more upside was likely.

Busts of that degree call for 90% corrections so is pretty frightening.

Some may regard 90% corrections as nonsense but current behaviour says it is still the norm.

We know about the 1930 90% experience but we have the 1990 Japan experience and the Nasdaq 2000 experience and the Chinese experience of around 1990 and then today. We have Brazil losing about 97% a while back from memory and the Russian debacles etc etc.

We need to be not like economists who take the last 5 years and draw a straight line forward.

Sure, disasters almost by definition are far apart, but suggesting that those things don't happen anymore is foolish.

The answer isn't paralysis, and Robbbb is just one example of the correct approach.

Determine what the norms are for normal/abnormal/extreme. Assume the minor and buy and set stops for the break and pray, lol.