Doug Noland Returns

[The End]

The market went up over 400% in 5 years after it bottomed in 32'. We hasd a p/e ratio of 7 back then. Like I said we will at one point, probably get a cyclical bull within the secular bear, I just don't know if we are in one now.

[swedjap]

deep

  When you get a chance can you evaluate the Vitamin c association and their sar nostrums?

   I.m in the cohort (68 yr old) of actuarial corpses and am begginning to feel like a lonsome pin in a busy bowling alley--

bdrech    

Okay.

 

But the best defence seems to be that for which Joseph Lister once caught so much flake and ridicule. Insisting that his surgery students . . . wash their hands.

 

Joseph Lister

To advice doctors to wash their hands was once highly impopular!

 

"It was Rokitansky who in 1846 inspired the bohemian student, Ignaz Semmelweis, to study medicine. It was the death of one of Rokitansky's colleagues, Jakob Kolletschka (1803-1847), in 1847, that convinced Semmelweis of the transmission of sepsis. Kolletschka had cut his finger during dissection, and this developed into a chronic pyaemia which caused his premature death on March 13, 1847, at the age of only 44 years. Semmelweis, who was present at the autopsy of Kolletschka, noticed that the pathological impressions of the corpse of his former teacher were similar to those of the puerperal fever he had observed only too often in his own department.

 

Rokitansky supported him in his efforts to eradicate puerperal fever by cleaning up the delivery wards of European hospitals, and he stood by Semmelweis when he was viciously attacked by his clinical colleagues in the medical establishment. "

 

Semmelweis became insane because of the attacks and died at a mental institution.

 

 

So if you advice (saying impopular truths) friends and family about stocks ("they are overvalued"... "this is really a bearmarket") and they don't like you because of this... don't be surprised!

 

Sometimes it's lonely... but hey, bears doesn't move in flock :grin: