John Templeton used to say he had no clue if the market would go up or down. And if John Templeton couldn’t figure it out, I sure can’t. I try to emulate his strategy.Howard,You did imply that MBIA was a buy. Or why did you post a favorable comment without also pairing it with an unfavorable one? Templeton didn't say what are saying he said. You're putting words into his mouth. He knew quite well that "markets would go up or down." That's markets do. They go 'up', and they go 'down', and when they were down, and down by a lot, he did his buying, because he was confident they would go back up. He timed markets, and he was good at it. You do, too, know that US stock prices will fall, and fall far. Maybe not before they go a bit higher. Maybe not before they go a lot higher. But they will fall. One can choose to ignore that coming event. Or one can prepare for it. As for a 'recovery' from that fall, don't count on it happening within our lifetimes. It took thirty years of printing money to get the US to where it is today. It's going to take at least that long to unwind the abuses and excesses. Charlie
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