subbyprimaryting be smellin bad, page-96

This is Mr Lincoln Augustus, first second cousin of Holymagiman.

As I mentioned in my last post, Holymagiman and I now feel that the light at the end of the tunnel is no longer the express train coming through....it is the daybreak with the sun's rays shining through

Holymagiman says that he has the feeling that what he saw would happen has happened, and the anchor is now hitting along the bottom. Holymagiman and I feel that contrary to what the experts are calling, the worst that has had to happen has happened.

Perhaps this thread should now be retitled "Subbyprimaryting baddy smelly be goin, goin gonebye-byes".

I repeat that this is now 2009 and not 1928....circumstances are totally different and life goes on...and only a fool would strive to continue drawing parallel with that distant troubled time. Of course Bernanke is an expert on the 1920s depression, but we hope that he can feel the winds of change now much faster than he did last year.

The levels of expectations for the civilised and uncivilised populations have been reset at a higher level than ever before in recent years, and the fact that those economicts have not factored in is that people sure hate down-grading their expectations, once they have been able to enjoy them for a while. So the belt tightening will be a very temporary affair, before expectations once again take over and increase spending.

Markets run on greed and fear...so far. Greed was last year, fear was this year and what has happened has happened.

The new factor in the greed/fear cycle is expectations. Expectations is not another word for greed..it just symbolises what people expect for their day to day living needs. So expectations will turn this market around and much quicker than the investment guru economist lemmings realise. Spending will increase from those with jobs, those without jobs will settle for lesser jobs and consumption will start increasing, albeit not at the excessive levels of yore.

This does not mean a return to the halcyon days of booming overnight markets. And it does not mean a salvation of those companies that are just built on hot air and mirrors. Those are gone...so gone, and the sooner the better.

But it does mean that the carnage that Holymagiman expected is almost over or that it is already over. Holymagiman and I plump for the latter....but either way we feel that the markets have neared the bottom.

The very fact that Bush is going means a change in the wind. The old wind with its smell of excesses will very soon be replaced by new breezes with hopes and expectations. And that is why Holymagiman is feeling very much more positive now that things have again changed.

It is just a feeling....and this is just a thought for those who understand the mind of the Holymagiman....

Blessing of the Lord be with you
MLA