another subprime victim, page-12

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It seems to me we have passed the point of denial and we all know there is a real problem out there and fear what the end result will be and have seen some panic.

The "no chance" of recession talk is gone, and we have people like Soros calling for the worst times ever.

So it feels like we are closer to a bottom than the top.

We have had a panic but are we despondant yet?

It does depend on whther we are in a major bear of just a midcycle correction.

I hope it is the latter which means real despair won't happen this time.

Below is one rough cycle of sentiment thought.

There are probably better ones out there if you care to search.