wall st skeptical of administration, page-7

Maybe i am naive but i look at it from another angle.
For the last year markets have been rallying on anything of faith when that faith fails to materialise the market becomes more despondent.
Now the markets are in such a dispearing mood, they have given up. No news is bad news, faith is to be rejected.

Even more importantly the markets are reacting negatively, but not jarringly so. There is limited selling pressure left, the balloon is already deflated.

Just as importantly volumes are drying up: its only the die hards left, most people have given up and gone on with their lives. Just look at hot copper, the input on individual stocks is materially lower than in prior years.

I have no idea whether this is THE low, but my degree of certainty that we are AROUND the low is increasing every day (not in terms of index value but in terms of timing).