Monday, July 6, 2009

Sarah Palin seems determined...

...to make Bill Kristol look bad. Not since Frankenstein's monster has something turned out so badly for its creator. And what was Kristol's response to Palin's latest stunt?

"My contrarian take is, almost everyone I talk to thinks it's crazy, but I wonder maybe it's crazy like a fox," said Bill Kristol, editor of the Weekly Standard, who has been defending Palin this past week.

Kristol's view is that spending another 18 months in office in Alaska will not convince skeptics that Palin is ready to be president. Instead, he said, she can use this time to travel the country and the world, to immerse herself in policy issues and to campaign for Republican candidates, without facing questions every time she leaves the state about whether she is shirking her responsibilities.

"It's a heck of a gamble, but it might pay off," Kristol said.

One of the first things you learn when trading the markets is to cut your losses. When you find yourself in a bad trade--as you surely will--the wisest thing to do is take a prudent loss. Conversely, one of the worst things you can do is stick with a losing trade, or even worse, add to it. The best course is to admit you're wrong, get out, and take a fresh look at the market. Someone needs to tell Bill Kristol that.

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