Posted: May 03, 2013 3:08 am
GT2211 wrote:I consider neither in the OP as scientists and am willing to bet a fairly substantial sum that Wiedemer goes 0 for 3 on his predictions.
You're a brave man and you are whistling past the graveyard.
This fellow has an awfully lot going for what he predicts, you just have to dig deep to see it. His timing may be off by some margin, even a fairly wide margin like a year or two, but a 60 per cent (or more) drop in the market is almost inevitable given the way bubbles work, and make no mistake, we're in the midst of another bubble, a blind man could see this.
It's kinda funny because people never like to admit that something like this just may have some validity, they don't want to believe it, they are emotionally incapable of accepting it. They want to hear about roses and sunshine and ever rising markets and they'll beat you over the head if you spoil their little fantasy dreamworld.
Wiser more experienced and honest men know better.