Project for Philosophical Evaluations of the Economy |
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12000 out of sight ?
Dialog on the recent stock slide with the Alter Ego, first drafted on Jan. 23, published on Jan. 30, 2010
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Question by Alter Ego of Noah denkt™ (AE): After the announcement of an imminent credit tightening in China
and the poor data coming out of the US, stock indexes all over the world have dropped considerably. Does Noah
denkt™ believe that this is the beginning of the double dip that everybody has been talking about ?
Answer by Noah denkt™ (Nd): It could well be that this is it.
AE: If that’s the case though, your continued bullishness earlier on will turn out to be misguided, won't it?
Nd: That is correct too.
AE: Can we call this then your first major prediction error?
Nd: Well, it isn’t our first major error. We also got it wrong when speculating that this current recession would not
be very worrisome. And then we also have to admit that this double dip, if it actually turns out to be one, comes
way sooner than we had expected it.
AE: So it isn’t all rosy then with Noah denkt™’s track record?
Nd: No, it isn’t.
AE: Will you be selling stocks now, that a double dip seems more than likely?
Nd: No, we believe we won’t sell any stocks at this point.
AE: Why is that?
Nd: First, we are not sure as to how far down this current drop will actually go and secondly, and more
importantly, we do like the companies that we are shareholders of. And since we are proud to be part of them and
we do not want to leave them behind like an old shirt that’s been worn too many times.
AE: Isn’t that a little stupid? After all, no one in any of companies you are referring to, will give a dime about you
as a retail investor?
Nd: That’s certainly true. But we still have hard time to be as cold-blooded as a true opportunism requires.
AE: In other words, your stance in this is partly due to your bleeding-heard Golden Rule strategy?
Nd: Correct.
AE: Well, I wish you luck with this.
Nd: We doubt that this comes straight from your heart.
AE: No comment.
Nd: Whatever…
Dialog on the recent stock slide with the Alter Ego, first drafted on Jan. 23, published on Jan. 30, 2010
------------------------------------------------------------------------------------------------------------------------------------------
Question by Alter Ego of Noah denkt™ (AE): After the announcement of an imminent credit tightening in China
and the poor data coming out of the US, stock indexes all over the world have dropped considerably. Does Noah
denkt™ believe that this is the beginning of the double dip that everybody has been talking about ?
Answer by Noah denkt™ (Nd): It could well be that this is it.
AE: If that’s the case though, your continued bullishness earlier on will turn out to be misguided, won't it?
Nd: That is correct too.
AE: Can we call this then your first major prediction error?
Nd: Well, it isn’t our first major error. We also got it wrong when speculating that this current recession would not
be very worrisome. And then we also have to admit that this double dip, if it actually turns out to be one, comes
way sooner than we had expected it.
AE: So it isn’t all rosy then with Noah denkt™’s track record?
Nd: No, it isn’t.
AE: Will you be selling stocks now, that a double dip seems more than likely?
Nd: No, we believe we won’t sell any stocks at this point.
AE: Why is that?
Nd: First, we are not sure as to how far down this current drop will actually go and secondly, and more
importantly, we do like the companies that we are shareholders of. And since we are proud to be part of them and
we do not want to leave them behind like an old shirt that’s been worn too many times.
AE: Isn’t that a little stupid? After all, no one in any of companies you are referring to, will give a dime about you
as a retail investor?
Nd: That’s certainly true. But we still have hard time to be as cold-blooded as a true opportunism requires.
AE: In other words, your stance in this is partly due to your bleeding-heard Golden Rule strategy?
Nd: Correct.
AE: Well, I wish you luck with this.
Nd: We doubt that this comes straight from your heart.
AE: No comment.
Nd: Whatever…
| © Landei Selbstverlag, owned by Wilhelm ("Wil") Leonards, Gerolstein, Germany. All rights reserved. Reminder: Noah denkt™ is a project of Wilhelm ("Wil") Leonards and his Landei Selbstverlag (WL & his LSV). Consequently, all rights to the texts that have been published under the Noah denkt™brand name are reserved by WL & his LSV. The commentary and the reasoning that was provided on this page is for informational and/or educational purposes only and it is not intended to provide tax, legal or investment advice. It should therefore not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or any issuer by WL & his LSV or its Noah denkt™ Project. In fact, WL & his LSV encourage the user to understand that he alone is responsible for determining whether any investment, security or strategy is appropriate or suitable for him. And to leave no doubt as to what this means we urge our user to also note our extended Legal Notice. |
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