AvlGuy

Listen to the Companies, Not the Government Reports

Your blog helps explain the possibility there may not be an instantaneously recognized -and thusly anointed in real time by pundits and policymakers - Big Crash of 200x !!
People waiting for this headline before acting will be quite disappointed...and unprepared.
You well describe the serious psychology and mind-games and uber-spinning being perfected, and how it affects the markets: lots of bouncing up as well as bigger bouncing down. It has been the classic saw-tooth pattern and it may likely continue that way. A chart of weekly movement after the peak of the “Bear Stearns bounce” reveals a glorious downward saw tooth pattern.
As you know, the so-called Crash of 1929 was really almost 3 years of falling containing 6 major upward “head-fakes” before the real bottoming in the summer of 1932. Most media pundits and the public still think it was a unified single-event crash located in the month of October ’29.
Those waiting for a Big Crash announcement may end up like the fabled stationary frog in the cooking pot of water which is creeping up in temp until it’s fatal to the frog.

Frog legs anyone? They’re quite a delicacy. I got the recipe on CNBC.