Lennar Corp Class A (LEN)

[Santa Barbara Broker]

I sure can pick 'em can't I, kid?

The one thing you can't fight in any market is fear generated momentum. It doesn't matter how big you are, how strong you are or how smart you are. What data you use, how much experience you have, how many times you've seen it all before. What you think should be happening, what the numbers say should be happening, what common sense dictates should be happening, what rational thinking says should be happening. When the lemmings run to the sea, they take you (and LEN and everybody else) with them.

The lemmings aren't encumbered with reason or intelligence or a desire to employee logic. They don't research the roads or consider the season or check the water temperature or the traffic. They don't care about sunblocks, or the sand or what type of wine to bring along in the cooler. They gather in huge numbers, they run blind, they jump where the ice ends, they die.

I really, really, really hate them.

SBB (Mr. Timing)