unthinking:
1. thoughtless; heedless; inconsiderate
2. indicating lack of thought or reflection
unblinking:
without hesitation or doubt
= = =
...as used on the web- per google...
AMERICAblog: A great nation deserves the truthBut the TV news corps, the unthinking and unblinking herd of pack journalists, prefer to laugh with the president, and kiss many viewers goodbye. ...
americablog.blogspot.com/2006/05/great-article-on-colbert-in-chicago.html - Similar pages
The PlankNo one else in the Democratic party has given Bush the unthinking and unblinking support that Lieberman did/does. Moore is right that any other Lieberman ...
www.tnr.com/blog/show_comments.mhtml?b=theplank&pid=30838 - 49k - Cached - Similar pages
Witnessing faith... when people stop complaining, the organization dies—like well-programmed robots on religious formula, unthinking and unblinking (Brave New World). ...
chronicle.com/forums/index.php?topic=27733.210 - 96k - Cached - Similar pages
The Coward Conquest, by VAchilles stared up at him, unthinking, and unblinking, but Patroclus closed his eyes against the fury. Achilles would look away before their time was spent. ...
v.twinners.org/misc/coward.html - 9k - Cached - Similar pages
American Conservative Union FoundationHe spends blindly and wildly on every government program he can, while an unthinking and unblinking Republican Congress-who never would have let Bill ...
acuf.org/issues/issue4/commentscourt.asp - 21k - Cached - Similar pages
The London Fog: July 17, 2005... them — there's an unthinking and unblinking piece of inanimate matter that'll assuage your troubled conscience for not strictly adhering to the capital ...
thelondonfog.blogspot.com/2005_07_17_thelondonfog_archive.html - 131k - Cached - Similar pages
Singing Pig - Lies, More lies, and the StatisticsTo be a good trader, you need to understand crowd behaviour, and learn to trading against an "unthinking and unblinking consensus." ...
www.singingpig.co.uk/forums/1/110193/ShowThread.aspx - 98k - Supplemental Result - Cached - Similar pages
Same Daily Crap On Hpc - House Price Crash forumunthinking and unblinking crowd " , has left Sam FEELING that he is inadequate somehow unless he owns property . This is an amazingly strong " imprinting ...
www.housepricecrash.co.uk/forum/index.php?showtopic=27048&st=40 - 118k - Supplemental Result - Cached - Similar pages
@: http://www.google.com.hk/search?hl=en&...earch&meta=
Full Version: Unthinking And Unblinking- Definition & Usage
IT IS ABOUT EMOTION - in a bubble market
"But that's the way real estate works. As much as it's about numbers, the more powerful current running through our national obsession with housing has to do with how it makes us feel. There's no adrenaline rush quite like the one you get from walking into a house that is not only wonderful but also for sale. I imagine that's the rush experienced by the doomed seller of this manse when he first saw it, before his life spun out of control in ways that not even Lexapro could do much about. 2
;; more ;; http://www.greenenergyinvestors.com/index....gopid=9679&
"But that's the way real estate works. As much as it's about numbers, the more powerful current running through our national obsession with housing has to do with how it makes us feel. There's no adrenaline rush quite like the one you get from walking into a house that is not only wonderful but also for sale. I imagine that's the rush experienced by the doomed seller of this manse when he first saw it, before his life spun out of control in ways that not even Lexapro could do much about. 2
;; more ;; http://www.greenenergyinvestors.com/index....gopid=9679&
NICE USAGE here:
"He spends blindly and wildly on every government program he can, while an unthinking and unblinking Republican Congress—who never would have let Bill Clinton get away with it—happily signs on.
Mr. Bush is on a spending binge unparalleled by any other President except perhaps Lyndon Johnson or F.D.R. Who would have thought that the next great liberal statist President would not have been Bill Clinton or Al Gore--but George W. Bush. My question is this: why aren't the better conservatives talking about this? There's an elephant in the White House; and nobody is discussing it."
...more: http://www.capmag.com/article.asp?ID=3548
- -
IT IS A MaTTER OF FaITH & INSTINCT, not conscious thinking
"He spends blindly and wildly on every government program he can, while an unthinking and unblinking Republican Congress—who never would have let Bill Clinton get away with it—happily signs on.
Mr. Bush is on a spending binge unparalleled by any other President except perhaps Lyndon Johnson or F.D.R. Who would have thought that the next great liberal statist President would not have been Bill Clinton or Al Gore--but George W. Bush. My question is this: why aren't the better conservatives talking about this? There's an elephant in the White House; and nobody is discussing it."
...more: http://www.capmag.com/article.asp?ID=3548
- -
IT IS A MaTTER OF FaITH & INSTINCT, not conscious thinking
Good examples of bull DENIAL
here: http://www.housepricecrash.co.uk/forum/ind...pid=520192&
Meantime,
many seem to have an unthinking and unblinking confidence in:
+ US stocks in 2007
here: http://www.housepricecrash.co.uk/forum/ind...pid=520192&
Meantime,
many seem to have an unthinking and unblinking confidence in:
+ US stocks in 2007
If you are a true believer and the market goes down, you will regard it as a buying opportunity.
If someone believes that real estate is better than cash, they will put all of their cash into it. If they really believe they'll borrow as much as they can and put that into it too!
So what constrains people? Money supply and belief.
Money supply is still gushing. But many people are as leveraged beyond what would be legal, sane or even possible a few years ago, and so buyers have disappeared. I think belief in is declining in more and more people of CONSTANT RISES in RE, though there are still the true believers.
I think we may see a change soon - it doesn't necessarily take a belief in a drop, just a lack of belief in rises - no rise means no greater fool. If there's no greater fool, I'm the greatest fool!
SELL!!!!
If someone believes that real estate is better than cash, they will put all of their cash into it. If they really believe they'll borrow as much as they can and put that into it too!
So what constrains people? Money supply and belief.
Money supply is still gushing. But many people are as leveraged beyond what would be legal, sane or even possible a few years ago, and so buyers have disappeared. I think belief in is declining in more and more people of CONSTANT RISES in RE, though there are still the true believers.
I think we may see a change soon - it doesn't necessarily take a belief in a drop, just a lack of belief in rises - no rise means no greater fool. If there's no greater fool, I'm the greatest fool!
SELL!!!!
To be a good trader, you need to understand crowd behaviour,
and learn to trading against an "unthinking and unblinking consensus."
= = =
Market Psychology : a good balanced podcast from Peter Day
http://www.bbc.co.uk/radio4/news/inbusines..._20070920.shtml
Forever blowing bubbles? (with much discussion of property, in the US and UK)
In this edition of In Business Peter Day takes a look at why market bubbles occur and then go bust with monotonous regularity and why we never learn to spot the trouble before it happens.
Among our experts are two brothers, one and economist and one a psychiatrist, to explain how human behaviour plays into these cycles of booms and busts
= =
Meantime, the Builders Index, also suggests a crash is ahead
/see: http://www.greenenergyinvestors.com/index.php?showtopic=2097
and : http://www.houseprices.uk.net/articles/house_builders_index/
and learn to trading against an "unthinking and unblinking consensus."
= = =
Market Psychology : a good balanced podcast from Peter Day
http://www.bbc.co.uk/radio4/news/inbusines..._20070920.shtml
Forever blowing bubbles? (with much discussion of property, in the US and UK)
In this edition of In Business Peter Day takes a look at why market bubbles occur and then go bust with monotonous regularity and why we never learn to spot the trouble before it happens.
Among our experts are two brothers, one and economist and one a psychiatrist, to explain how human behaviour plays into these cycles of booms and busts
= =
Meantime, the Builders Index, also suggests a crash is ahead
/see: http://www.greenenergyinvestors.com/index.php?showtopic=2097
and : http://www.houseprices.uk.net/articles/house_builders_index/
QUOTE(HiredGoon @ Jan 17 2007, 08:20 AM) 
If you are a true believer and the market goes down, you will regard it as a buying opportunity.
If someone believes that real estate is better than cash, they will put all of their cash into it. If they really believe they'll borrow as much as they can and put that into it too!
If someone believes that real estate is better than cash, they will put all of their cash into it. If they really believe they'll borrow as much as they can and put that into it too!
here's what the market slide will feel like before it is over:
http://www.youtube.com/watch?v=-O5pXjF9rKw
Wanted: Prime Suspect of Housing Market Murder
By Susan C. Walker, Elliott Wave International
October 8, 2007
Helen Mirren accepted her Emmy award for best actress in the mini-series, "Prime Suspect" with elegance and grace. Just the opposite of the tough detective superintendent character she plays who tracks down murder suspects in England. Who would Jane Tennison pick out as the prime suspect for the murder of the U.S. housing market and the resulting gruesome credit crunch?
Suspect No. 1 – Phil Spector
No – sorry, wrong case, wrong suspect. Spector has been on trial for the murder of a guest at his home (the judge declared a mistrial this week), but Spector has nothing to do with the subprime mortgage fallout and ensuing credit crunch. O.J. Simpson, who stands accused of trying to "recover" his sports memorabilia, is not the prime suspect either. If the crime doesn't fit, you must acquit.
Suspect No. 2 – Alan Greenspan
Says that he didn't catch on for a few years that subprime mortgages could create a problem for the economy. As chairman of the Federal Reserve, he let easy credit ride, which facilitated the housing bubble and the subsequent implosion. Could liken his behavior to supplying the gun to a rampaging murderer. Guilty of aiding and abetting, but he's not necessarily the prime suspect.
Suspect No. 3 – Angelo Mozilo
Angelo Mozilo, CEO of Countrywide Financial (largest mortgage company in the United States), says he kept his staff writing subprime mortgages day and night, because if they didn't, then home purchasers would just find someone else to give them a low-quality mortgage. Company went from writing 4.6% of its overall mortgages as subprimes and low-documentation loans in 2004 to 8.7% in 2006. Guilty of greed and a poor business plan but not murder.
Suspect No. 4 – S. & P. and Moody's
Oh, whoops, say these rating agencies, we thought that once you sliced up a BBB security thinly enough and packaged it with other more desirable collateralized debt obligations that we could call it AAA. Did we mislead anybody? Again, aiding and abetting but not a prime suspect.
Suspect No. 5 – Goldman Sachs and other investment banks
Says that their investors wanted higher returns and that collateralized debt obligations spiced up with subprime mortgages served the purpose. And besides, they say, the rating agencies gave them an excellent rating. Guilty of acting like a fence but not the prime murder suspect.
The True Prime Suspect
All of these are worth a look as suspects, but the true prime suspect has neither a first name nor a last. It's known as "social mood," and its m.o. is "herding behavior." That's our real murderer, the one that quashed the hopes and dreams of those who believed that house prices would always go up. Social mood changed, and with it changed the idea of what were smart financing moves to purchase a house. Suddenly, as house prices began to fall and subprime mortgagees began to default on their loans, the stick house built on low-quality mortgages seemed like a really bad idea.
Who knew? When social mood was positive, mortgage writers pushed people who couldn't really afford a mortgage into believing they could. Then they sold the mortgages to eager investment bankers who sliced them up into small packages of risk and re-packaged them with less risky securities. Then the ratings agencies gave their stamp of approval: AA? Why not AAA? And eager investors who wanted higher returns bought them up.
But now the game is up. When social mood turns from positive to negative, fear replaces greed, and people begin to see the riskiness for what it is. When social mood changes from positive to negative, markets turn from bullish to bearish. And no one can stop it – not even the Fed.
This is how Bob Prechter, president of Elliott Wave International, describes the phenomenon:
"Like credit inflation, credit deflation is in fact an intricate, interwoven process, whose initial impetus is a change in social mood from optimism toward pessimism. If you are still on the fence about this idea, ask yourself: What changed in the so-called “fundamentals” between June and August? The answer is: absolutely nothing. Interest rates did not budge; there were no indications of recession; there were no changes in bank lending policies; there were no chilling government edicts.
"The only thing that changed was people’s minds. One day sub-prime mortgages were a fine investment, and the next day they were toxic waste. There was no external cause of the change.… According to socionomic theory, the stock market is a sensitive indicator of such changes in mood. This is why The Elliott Wave Theorist has continually said that the financial structure will hold up as long as the stock market rises. A downturn occurred in mid-July, and its consequences in terms of negative social mood are becoming swiftly evident. Remember, C waves (see Elliott Wave Principle, Chapter 2) are when optimistic illusions finally disappear and fear takes over. Sounds like now." [Elliott Wave Theorist, September 2007]
By Susan C. Walker, Elliott Wave International
October 8, 2007
Helen Mirren accepted her Emmy award for best actress in the mini-series, "Prime Suspect" with elegance and grace. Just the opposite of the tough detective superintendent character she plays who tracks down murder suspects in England. Who would Jane Tennison pick out as the prime suspect for the murder of the U.S. housing market and the resulting gruesome credit crunch?
Suspect No. 1 – Phil Spector
No – sorry, wrong case, wrong suspect. Spector has been on trial for the murder of a guest at his home (the judge declared a mistrial this week), but Spector has nothing to do with the subprime mortgage fallout and ensuing credit crunch. O.J. Simpson, who stands accused of trying to "recover" his sports memorabilia, is not the prime suspect either. If the crime doesn't fit, you must acquit.
Suspect No. 2 – Alan Greenspan
Says that he didn't catch on for a few years that subprime mortgages could create a problem for the economy. As chairman of the Federal Reserve, he let easy credit ride, which facilitated the housing bubble and the subsequent implosion. Could liken his behavior to supplying the gun to a rampaging murderer. Guilty of aiding and abetting, but he's not necessarily the prime suspect.
Suspect No. 3 – Angelo Mozilo
Angelo Mozilo, CEO of Countrywide Financial (largest mortgage company in the United States), says he kept his staff writing subprime mortgages day and night, because if they didn't, then home purchasers would just find someone else to give them a low-quality mortgage. Company went from writing 4.6% of its overall mortgages as subprimes and low-documentation loans in 2004 to 8.7% in 2006. Guilty of greed and a poor business plan but not murder.
Suspect No. 4 – S. & P. and Moody's
Oh, whoops, say these rating agencies, we thought that once you sliced up a BBB security thinly enough and packaged it with other more desirable collateralized debt obligations that we could call it AAA. Did we mislead anybody? Again, aiding and abetting but not a prime suspect.
Suspect No. 5 – Goldman Sachs and other investment banks
Says that their investors wanted higher returns and that collateralized debt obligations spiced up with subprime mortgages served the purpose. And besides, they say, the rating agencies gave them an excellent rating. Guilty of acting like a fence but not the prime murder suspect.
The True Prime Suspect
All of these are worth a look as suspects, but the true prime suspect has neither a first name nor a last. It's known as "social mood," and its m.o. is "herding behavior." That's our real murderer, the one that quashed the hopes and dreams of those who believed that house prices would always go up. Social mood changed, and with it changed the idea of what were smart financing moves to purchase a house. Suddenly, as house prices began to fall and subprime mortgagees began to default on their loans, the stick house built on low-quality mortgages seemed like a really bad idea.
Who knew? When social mood was positive, mortgage writers pushed people who couldn't really afford a mortgage into believing they could. Then they sold the mortgages to eager investment bankers who sliced them up into small packages of risk and re-packaged them with less risky securities. Then the ratings agencies gave their stamp of approval: AA? Why not AAA? And eager investors who wanted higher returns bought them up.
But now the game is up. When social mood turns from positive to negative, fear replaces greed, and people begin to see the riskiness for what it is. When social mood changes from positive to negative, markets turn from bullish to bearish. And no one can stop it – not even the Fed.
This is how Bob Prechter, president of Elliott Wave International, describes the phenomenon:
"Like credit inflation, credit deflation is in fact an intricate, interwoven process, whose initial impetus is a change in social mood from optimism toward pessimism. If you are still on the fence about this idea, ask yourself: What changed in the so-called “fundamentals” between June and August? The answer is: absolutely nothing. Interest rates did not budge; there were no indications of recession; there were no changes in bank lending policies; there were no chilling government edicts.
"The only thing that changed was people’s minds. One day sub-prime mortgages were a fine investment, and the next day they were toxic waste. There was no external cause of the change.… According to socionomic theory, the stock market is a sensitive indicator of such changes in mood. This is why The Elliott Wave Theorist has continually said that the financial structure will hold up as long as the stock market rises. A downturn occurred in mid-July, and its consequences in terms of negative social mood are becoming swiftly evident. Remember, C waves (see Elliott Wave Principle, Chapter 2) are when optimistic illusions finally disappear and fear takes over. Sounds like now." [Elliott Wave Theorist, September 2007]
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