About iwog


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Registered Nov 10, 2007


iwog's most recent comments:

  • On Sat, 13 Feb 2016, 11:43am PST in I'm liquidating all my stocks and going to cash, iwog said:

    A bear trap presumes a bubble and prices are irrational. Europe is being subjected to a crisis bear market so it doesn't really fit the model. You only see bear traps when prices have been accelerating for an extended period of time and most fundamentals are good. It's the rationality of a correction (instead of an economic downturn) that allows the market to accelerate to new highs after being hit with the 20-25% crash.

  • On Sat, 13 Feb 2016, 8:17am PST in I'm liquidating all my stocks and going to cash, iwog said:

    Bellingham Bill says

    they were giving away the "commons" to the RRs.

    When you're an Austrian lunatic attacking monetary policy, that doesn't really count. You could easily replace "land given" with "land sold and financed by long term debt" and it would have resulted in the exact same consequences.

    What happened with the railroads is exactly what happens in every boom bust cycle. Everyone jumps in when it appears profits are limitless, and then after it all gets overbuilt people realize there isn't enough business to be profitable and the whole thing collapses.

  • On Sat, 13 Feb 2016, 8:08am PST in HOUSE FOR RENT $1000, iwog said:

    Can I put a sugarbaby in there?

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