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<p>[QUOTE=&quot;medoraman, post: 2031269, member: 26302&quot;]Dang Longnine, am I feeling weird today or is it you? I completely agree with your post in every way. In fact, I have written similar on here as well. Its almost NEVER &quot;different this time&quot;, and the moment someone utters those infamous words it makes the hairs on the back of my neck stand up. Some people were saying that when silver was $40 an ounce on here, saying, &quot;everything is going to hell so its different this time&quot;. Probably the same people were talking in the 1990&#039;s, &quot;silver will never again be a monetary metal so it&#039;s different this time and silver will remain cheap forever&quot;. This sentiment made me buy more in the 1990&#039;s, and it warned me the price would crash when it got high a couple of years ago. You are completely right, ignore those who believe macroeconomic forces change permanently overnight.</p><p>&nbsp;</p><p>Momentum investing, or pretending you believe &quot;its different this time&quot; CAN lead to great profits, but only to a disciplined investor who knows that line is not true and will always be three or four steps ahead of the crowd.</p><p>&nbsp;</p><p>Right now the crowd pretty much hates pm. Not &quot;the crowd&quot; here, but the public. Personally, I am happy since I like buying pm and am buying now. I love being a contrarian. It has brought me the best investing &quot;luck&#039;.[/QUOTE]</p><p><br /></p>

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