Monday, October 22, 2007

The Hobbesian Theory of Investing

Today may be an interesting day.

8:50 AM

The Global Recession thesis is in play. Kernan is buying canned goods. The crisis will deepen this afternoon; rolling panic will set in, with capitulation taking place in the wee hours of the night. It will all be over by tomorrow afternoon. Nasty, brutish and short.

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