Couple of comments. Us Piggs who have been around since 2005 or earlier know that the data was very compelling and its not totally luck. It’s about probability. I love Rich’s analogy of a bubble floating through a cactus field. Yes, it might make it, but it’s unlikely.
I remember a fairly arrogant guy back in early 2006 talking about shorting LEND and some other sub-prime lender stocks (that was back when Powayseller was still around). There was a lively conversation and his arrogance was a bit obnoxious, but man, I bet he made a killing. I wish I would have had the stones to do that. I tell you one thing, watching this unflold has taught me a lot about market bubbles and bubble mentality (still much more to learn). I want to be ready for the next one.
