patio

If Only Hope Were an Investment Strategy

In past markets, if you ever wanted to surely be guffawed at, all you had to say was, " It's different this time". 'Cuz the old-timers, the wizened greaybeards would sagely tell you how wrong you were.
Well, sorry, but it's different this time. The markets are merely reflecting the daily unfolding of just how bad the fundamentals truly are, and how they are going to get a lot worse. And no matter how many people wake up to projected future, and the new lower projections, the visceral impact isn't really felt until the realities blast you in the fact each day- lower and lower unemployment numbers, all asset classes deflating, stocks swooning worldwide, US gov't wasting trillions throwing good money, our money, after bad, on and on.
I believe we are only in the second or third inning of this Bataan death march.