Not over till the black swan sings…

Posted on Mar 04, 2010 by in Letters

Taleb thinks everybody in America should be short bonds.  Prechter thinks everybody in America should be short the market.  Farrell thinks we should all shoot ourselves in the head after stuffing the mattresses (the mafia mattress tactic).

We think TBT has been less than cooperative.  We've bought it (paper and money) a couple of times as shown on the chart.  But the roaring trend has not materialized as yet.

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