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| I don't disagree that there are opportunities to make a profit, but I'll say it's important to position yourself so those opportunities are actually profitable. If your cop is $5 this year, it is highly unlikely (given the fundamentals) that you will make a profit.
I'm not sure where you are getting the concept of defeatist from - it's like a mountain, it can be climbed but you can't wish it shorter - you have to adapt to the real height of the mountain. If anything I'm saying we need to be able to adapt to conditions we have little control over. It's been going on a really long time. | |
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