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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Sunday, July 08, 2007

The Prudent Way To Profit From IPOs!

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``I guess it's true that some people simply don't have the stomach to think big thoughts, let alone take big actions. The ultimate...

Remaining Neutral But On A Bullish Bias As Market Sentiment Recovers

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``Security is the mother of danger and the grandmother of destruction.” -Thomas Fuller (1608-1661), British Clergyman and writer Yes, ma...
Sunday, July 01, 2007

On Being Neutral: A Bird At Hand Is Better Than Two In The Bush

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``Everybody knows that you need more prevention than treatment, but few reward acts of prevention. We glorify those who left their names in ...
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US Market Internals Indicate of Prospective Heightened Volatility

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``In seeking wisdom thou art wise; in imagining that thou hast attained it, thou art a fool.”--Lord Chesterfield (1694 – 1773), British stat...

US Subprime Woes Spreading; Feedback Loop Dictated by Market Ticker

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``No matter how hard we try, our perceptions about people will be misguided a significant percentage of the time. Of course, it’s one thing...

Every Action Has A Consequence; An Equal And Opposing Force

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``If you know yourself and your enemy, you will not fear battle. If you know yourself but not your enemy, you will lose a battle for every o...
Sunday, June 24, 2007

Our Phisix Outlook: From Bullish to Neutral

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``Faced with the challenges of managing policy in an increasingly integrated world economy, the dominant instinct of officials is often to t...
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