Macrae is right this time. Shakeouts like this only last 3 to 4 months. Everything bad is factored in. Although the recovery will be a long process, with little draw backs, we definately have seen the bottom. Only quality stocks will gain most, lending practices will change, and the regulators will make sure of more accountability and transparency. Shakeouts like this have to happen to bring back sanity when making investment decisions. All in all we must suffer pain to make us stronger. The markets always go up...no argument there from anyone on HC surely.
