Sometimes the truth hurts. It can be painful. Just not as painful as willfully deluding ourselves.
- Friday's exercise was not merely 'painting the tape' but painting the end of 2Q and of the FY first half.
Pay attention to Kyle Bass of Hyman Capital:
"The number one performing stock market of the past ten years in nominal terms has been Zimbabwe. But if you bought equities there you lost all your money because the ZWD$3 trillion you made now buys you three eggs."
Sunday 1 July 2012
Painful truth....................from Rico
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