The bulls have been winning since Jenman first predicted the crash in 2001...
I would go as far as saying that the bulls have been wining since Edward Wakefield recommended that land should no longer be given away in the colonies but should now be sold, from his English prison cell.
"Wakefield suggested that instead of granting free land to settlers as had happened in other colonies, the land should be sold. The money from land purchases would be used solely to transport labourers to the colony free of charge, who were to be responsible and skilled workers rather than paupers and convicts. Land prices needed to be high enough so that workers who saved to buy land of their own remained in the workforce long enough to avoid a labour shortage."
The bulls in the US and euro had been winning for 75 years, but then the GFC arrived.
DOH.....
They never saw it coming either, they said it has not happened before, and has not happened yet so it will not happen. Was a good argument while it lasted. Bulls
Bulls vs Bears. thing is, they are not two sides of the same coin (mostly). Bulls are speculators, bears are hopefully looking for a home. 2 completely different animals. The bulls are winning on account of the massive government assistance and concessions they have been given and the added weight of morally corrupt bankers etc working on their side for their own greedy reasons. It is a pointless argument in all reality. Take away the props and prices will be real (ie 50% of today's prices or less), carry on with the current destructive set of conditions and the bulls will be collecting until the almost guaranteed massive bust when the props don't work any more or an external shock occurs. 1Month? 1yr? 5yrs? who knows.
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