one thing for sure there is a lot of money waiting on the sidelines waiting to pounce on small caps and speckies at the moment eg cmr, arr
in 73 and 74 a lot of people thought the market was correcting when in fact it wasn't. In fact they jumped in seven times and lost money before it actually capitulated and then bottomed
it took them a long time to learn that something fundamentally was wrong with the economy and something was not quite right
