this feels like the bottom, page-65

Hotdog,

you have athiest, christians and agnostics

short term I don't

I honestly don't know

governments have just introduced a lot of measures designed to stimulate economies around the world

they did so because they thought they would work

if they didn't think they would work they wouldn't have used them

I think we should give these national governments the benefit of the doubt and at least give their stimulus measures an opportunity to work before we express an opinion.

If someone was to hold a gun to my head and tell me to make a decision one way or the other it would still be very difficult to say

all the property trusts are down at least 50%
the banks are down
the investment banks have been completely smashed
all the resource stocks are down
media companies have been trashed
any stock that debt has been decimated
can you name one that has debt and is still up? I can't

the general economy is down
commodity prices are down
interest rates are coming down

oil prices are down
gold is falling

taxi drivers are saying cash is king
all the lagging indicators such as newspaper commentary are negative

I would say everything is reflected in the prices now

there are no surprises

all the stuff you are talking about is factored into the price

I don't know where the market will go but if someone were to put a gun to my head I'd say the market will track sideways