I decided to move some discussion from this post up to the top level here. Specifically, Watoosh wrote: "Well, if violence is defined as initiation of force (which, of course, presupposes certain property rights), then I think Rockwell is correct..." Well, if we define cats as elephants, then many people keep elephants in their house. More seriously, firstly, violence is not usually defined that way. It's defined as, you know, violence, so that, say, someone may respond violently or non-violently to someone who aggresses against them. Otherwise, it would make no sense to say, for instance, "He punched me, but I did not stoop to violence in response." And, secondly, the libertarian usage of "initiation of force" is very offbeat. If I wander onto someone's meadow, most people would not say I had "initiated force" -- I mean, sure, I used "force" against the earth to push off walking, but that's not force directed against...
A new bull market did indeed start on that day. From a low of 7,774 on the Dow we have already rallied more than 20% which fits the technical definition of a bull market. The problem we face now is that we've already had a bull move. What's next?
ReplyDeleteGene is a fan of buy and hold, I believe.
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