Yea. I have such a vague idea about what I’m talking about that if you search my postings here on FR, you can see that I was well aware of what was coming a long time before McCain was making such idiotic pronouncements as he did in the campaign. I was also largely in cash from August 2007 onwards, taking shorts on various banks on the way down.
Such is the profit of my ignorance, I suppose.
In this case partial ignorance helps indeed, I suppose. Because trying to make money on fundamentals of the economy is an extremely, extremely long-term strategy;-)