abetterplace

The Bears' Skepticism Is Getting Old

You got it right Harry. Picture the market as a snowball, with the snow being optimism or pessimism and determining the amount of snow available and the length of the roll. In the end, the snowball always stalls and melts or keeps rolling until it finally bursts. It never knows when to stop at the optimum time.
The old snowball theory everyone knows.
About as good as the next theory.

Banks Are Not Reaching Bottom - Meredith Whitney

I suppose Meredith Whitney is and always has been right on his analysis.