Worth a revisit - the warning post that got lots of people's attention

is HimWhoKnows EddieWilson?

^

Yeah, it looks like certain people kicked Eddie off the board JUST before he turned out to be correct.

Hey, only 5 more months or so before he's back.

Quick question:

If he turns out to have been spot on, how many of you are going to give him credit where it's due?

scary...

"Nonsense 1: Missing earnings. Most of the S&P are beating estimates thus the market is at an all time high. So what if Google missed.
...
Nonsense 3: The sinking dollar is helping NYC realestate, not hurting. Go ahead, sink more please. Let all the overseas cheap currency come in and push prices higher."

and...

"1. Oil will hit 100/barrel
3. ARM readjust. Defaults/foreclosures
4. Stock market drops 5-10%
*not only did Google miss, Caterpillar, yahoo, and everything outside
of energy is off. This is a sign the economy is slowing.
6. Economy worsens and GDP declines. More Hedge Funds collapse, especially
those with mortgage securities. "

Two different things.

1) Predicting that a bubble will eventually burst. Everyone knows this, although many seem to nonetheless deny it, or deny the bubble's existence altogether. For injecting some sanity while the bubble was in full swing, the bears on this board should get credit.

2) Trying to predict the timing of that bursting. Much, much more difficult and random. HimWhoKnows was very explicit on timing, and was way, way off, so gets no credit there.

The most amusing part of the thread, though, is Julia's post - I guess she was just as frustrated 14 months ago as she is now.

I think thats why they call it a bubble. It gets bigger and bigger and you can't be sure its gonna pop, you just know it has to.

That being said, some of the calls on oil and such... 14 months ago, folks called you retarded for such predictions. So, not for timing, but you have to give the guy some credit for predicting what has since happened...

And agreed on Julia... that is a funny one.