"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Friday, April 8, 2011

Trader Dan predicts UConn to win the NCAA tournament

Yes, I know what you are thinking - how does he do it? What kind of uncanny abilities does he possess to predict after the fact such a victory?  Along that same line, check out the following headline:

Please note - I have no problems with firms making FOREcasts. But that is the point - it is a FOREcast, not an AFTERcast. Anyone could tell you that the average price for the year is going to be higher, AFTER the fact.

Where were these firms a year ago when investors could have actually profited if they had made a FORECAST back then.

The article goes on to state that MS predicts an average price of $31.39 for 2011. Is that gutsy or what?

DJ MARKET TALK: Morgan Stanley Ups Silver 2011 Forecast By 20%

Fri Apr 08 11:31:58 2011 EDT
Article headline courtesy of Dow Jones Newswire.


  1. Ha! I saw that too and thought their price target must have been a typo or something.

  2. Now that is good stuff! ..........also great KWN interview Dan.
    Thanks, as always.


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