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4:00 Tan at the body

Hot tub + shower.

5:00 At home, see what reasons Skousen gives now: just his uncertainty, and citing Fed's dilemma.

Also look over (finish) Schabaker.

Nothing new. Cited key problem in terms of liquidity and gave a formula, but it seems so unthorough.

6:00 Anyway.

I GUESS I JUST WISH I'D BEEN EAGER TO EXIT BEFORE CRASH AND BEEN HELD BACK BY INABILITY TO SELL (144) UNTIL PEAKS OF OCT 12-15! SO I'M LEARNING, SOMETHING. AND IN ANY CASE, I FEEL MORE CERTAIN OF MY RELIANCE ON MFF NOW, HAVING RESOLVED DISCREPANCY WITH SKOUSEN, AT LEAST PARTLY.

When I get Market Logic, it will be interesting to see how they explain it. Indeed, I already know they expected weakness LT, so maybe Mkt Logic would have given me greater insight. But damn, what a kickass coup that would have been, getting out of Microsoft at 70...

6:15 Even if I'd thought stocks were over valued (due to low yield) and market didn't have necessary liquidity, I may not have thought market would crash, but just show weakness, and so I would've gotten out slowly. It's hard for me to beleive that those things can become overvalued. Nothing changed that suddenly yet clearly a 30% drop shows it was overvalued.