IF YOU KEEP BETTING
ONE DAY YOU'LL LOOSE!
http://www.canberratimes.com.au/business/by/Michael-Pascoe
You think what happened on Nasdaq last night was bad, just wait for this Saturday: investments in the vast majority of the horses racing at Randwick will be totally wiped out.
Caulfield and Doomben will be just as bad and Morphettville, poor Morphettville – I'm absolutely confident in predicting that punters betting on the nose will see a total loss of their investment from 17 of the 18 nags going round for the Marsh Port Adelaide Guineas. A bloodbath. Where's ASIC? Where's a Senate inquiry?
Where's Marc Faber?
Oh, that's right, Faber is running his own race, continuing to predict another big crash, as he has been for many a year. Keep at just about any prediction long enough and eventually you'll be right – if you live long enough. Major corrections and crashes of over-priced assets happen often enough.
