billb

This Bear's Just About Played Out

Finally, an article grounded in some reality. I don't think that things are necessarily going to go to the moon, but this talk of deep recession and now even depression is a bit overzealous. You wonder why the market gyrates like it does, but then it becomes obvious when you read all of these articles and news reports that are just teeming with emotion. The only thing that makes me feel that this correction (I'm not even calling it a bear) is nearly over is the excessive pessimism. I find it extremely hard to believe that everyone is getting it right this time. That would truly be a first for the market :)