so we saw the giant financial shart
Thinking about it in terms of loss is hard, particularly when you think through what it took to get it in the first place and what must be done to restore it.
this sucks, but there is still a chance holders will see their holdings grow in value
the timeline is now blown out, in my view, by up to 2 years longer. Before the unwelcome news, CR was canvassed by published analysts, eg Morgan's, the key issue is at what price now. Before the bad news, even the issue of CR was met with disbelief, even when clearly articulated
a hard thing at this level is that small fluctuations in SP can translate to big percentages up and down. That to me is why it is attractive to DTs. A gain of a few pips is 10%, which many would be happy to take in a day.
that could go on for a while with volume progressively falling until the rag is wrung nearly dry
though please don't think this is definitely going to stay down for the count. If you have been around long enough, you'll be familiar with Keynsian animal spirits and the folllowing Aldous Huxley quote will fit, so many times, how things pan out... "That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach."
that cuts both ways here. It should get a second wind, which could really see it rally hard, though the catalyst for this remains to be seen
easy to beat yourself up over a loss, especially when it leaves a gaping hole in net worth but the only way now is forward. There's still time to make good until there isn't.
this SP can still go lower from here, with more fear and loathing, but should see gains by end of year.
If you haven't experienced what happened here on HC before this episode with RAP, here is a Huxleyesque history lesson, by Charles Mackey, 1852 and it is free to read in its entirety. It covers all the bubbles known until that time and nothing has changed at all. The same issues as occurred here and will continue to occur as each new group does the same thing over and over again.
appropriately named "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds"
it is a timeless read and if you want to take your mind off it and like a good old read then it is available below
http://www.cmi-gold-silver.com/pdf/mackaych2451824518-8.pdf
