Comments on: On calling a bottom http://www.nowrench.com/crimson/2008/11/12/on-calling-a-bottom/ Life Uncalibrated Mon, 28 May 2012 11:14:39 +0000 http://wordpress.org/?v=2.6.3 By: crimsonc http://www.nowrench.com/crimson/2008/11/12/on-calling-a-bottom/#comment-435 crimsonc Sat, 29 Nov 2008 08:14:18 +0000 http://www.nowrench.com/crimson/?p=114#comment-435 The market will go up in my lifetime, and most likely yours, unless you are commenting on this post from the side of your grave. While a global recession is upon us and here to stay, this is not a permanent condition. The economy will recover and many of the advantages the US had before this crash will remain during the recovery. That is not a guarantee that the US will retain economic hegemony, but it does still hold the upper hand in financial dealings and there are no indications that any nation or collection of nations is immediately ready to wrest that crown from us. So the US stock market will certainly eventually recover and I think will do so and then some in the next three to five years. Even removing the fake imaginary money that has been added to the world economy recently, the overall growth of the world economy in the last fifty years is staggering. Assuming we do not destroy the earth completely, the next fifty years will be insane. Exponential. We're standing poised on the brink of a future that none of us are really capable of seeing or predicting. There is enough computing power in the world right now that the most complicated problem is figuring out the right questions to ask. There is enough crazy science going on that no one can actually being to comprehend it. Just too much knowledge (to quote William Shatner out of context). The world economy will soar. Assuming, again, we do not destroy ourselves first. The market will go up in my lifetime, and most likely yours, unless you are commenting on this post from the side of your grave. While a global recession is upon us and here to stay, this is not a permanent condition. The economy will recover and many of the advantages the US had before this crash will remain during the recovery. That is not a guarantee that the US will retain economic hegemony, but it does still hold the upper hand in financial dealings and there are no indications that any nation or collection of nations is immediately ready to wrest that crown from us. So the US stock market will certainly eventually recover and I think will do so and then some in the next three to five years.

Even removing the fake imaginary money that has been added to the world economy recently, the overall growth of the world economy in the last fifty years is staggering. Assuming we do not destroy the earth completely, the next fifty years will be insane. Exponential. We’re standing poised on the brink of a future that none of us are really capable of seeing or predicting. There is enough computing power in the world right now that the most complicated problem is figuring out the right questions to ask. There is enough crazy science going on that no one can actually being to comprehend it. Just too much knowledge (to quote William Shatner out of context). The world economy will soar. Assuming, again, we do not destroy ourselves first.

]]> By: billy-bob http://www.nowrench.com/crimson/2008/11/12/on-calling-a-bottom/#comment-434 billy-bob Mon, 24 Nov 2008 01:56:57 +0000 http://www.nowrench.com/crimson/?p=114#comment-434 Right on! Logical fallacy applied to the market. The market has historically gone up. Well in the long run yes. But in the long run we're also all dead, so we may not live to see the movement upward anytime soon. Right on! Logical fallacy applied to the market. The market has historically gone up. Well in the long run yes. But in the long run we’re also all dead, so we may not live to see the movement upward anytime soon.

]]>