ed, funny you should say " Like most of them, when wrong it is...

ed, funny you should say

" Like most of them, when wrong it is "well who could predict the Greek crisis""

yes, I have seen that many times -- and the answer that always comes to me is

'anyone who reads history'

It's like people completely overlook funnymentals.

eg.
Greece and defaults

Australian property going up by more than inflation every year - and many expected it to go on forever?

I keep using my credit card but only make minimal payments???

USA building debt for decades? - it isn't going to be a future problem?

FML production going through the roof with a rising pog? - what will happen to the sp?? (eventually)

None of this looks forward - it just lives for today - it's like we have forgotten that markets used to look forward - and either pay more for something or discount for what is going to happen.

Suits me ----------- a bot doesn't look forward, that's for sure.

pinto