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On Certainty

I knew the stock market was going to crash in 2007. All the threads of knowledge were floating in burgeoning blogosphere: the housing bubble, the overinflated market, the massively overleveraged investment banks, idiots daytrading, and all of Alan Greenspan’s “Irrational Exuberance.” Of course, I failed to act on my gut, and like many Americans, lost half of my retirement savings. But I was young. Determined not to repeat the same mistake, I pulled all of my 401K out of the market at the beginning of this year (not quickly enough to avoid some pain), and so far things have been relatively flat, but that doesn’t stop hundreds of prognosticators from continuing to forecast doom.