Bedlam - my favourite residence
Quote:
Originally Posted by
boxburger
Hi Casa,
Yes, crazy. I agree
I think it is a product of human nature. Something digger was referring to recently when he raised the subject about how poor we are at thoughtfully preparing for our futures. Humans seem to struggle with seeing past next pay day.
China's consumption has pulled back. The success of these games are so important to them on so many levels. The Yanks are having a think before running their tanks around the block for Big Macs. Iran is simmering. Stockpiles around the world are looking ok. The hurricane in the Mexican Gulf has calmed down. Global Strategic reserves are chocka. As far as the 'human animal' is concerned everything is Hunky Dory. We've got ten bucks in our top pocket.
Recall the kooky goings on in the US. The sub prime lending fiasco had to smack them around the head with a 4x2 before someone whispered 'uh oh'.
I'm not in this company to chase share price fluctuations. I'm in this company because I like to think I've taken a considered view of my long term future and I can see sense in backing things we need that we're running out of.
Oh - totally agree on the 'backing things we're running out of'. (and where practical, the rest of my portfolio reflects that - (e.g Sanford = fish, remember the cod fishery). I'm not too concerned over the short term sp - NZO is a strategic investment - - just somewhat bemused by the price behaviour as of late.
And, agree humans are not very good at thinking more than two milliseconds into the future - I had adjusted my 'worldview' to that long ago - - but just lately, it is not just the 'usual' silliness - it is a madhouse.
(And....Back on subject - it looks like that long and deep buying pressure of the last week has subsided. - I have no prediction on what will happen now: too confused and befuddled these days)