themackattack

Hedge Funds: What Happens When the Chickens Come Home to Roost?

You know, Eternitus has some good points. Really good points. But i think the opposite is true, meaning capitulation hasnt happened. Yes, people pulled out to avoid what most view as a short term situation. When people realize we are at the beginning of a serious consumer led recession, and corporate earnings come back bad quarter after quarter, people willl not "run for the hills", they will simply stop thinking about the stock market. It won't be a part of their consideration, their plans, etc. That, when it happens, is capitulation.. Capitulation is not simply a measure of fear, but fear combined with future hopelessness.

I hope that makes sense.