alibug - you may well be right, but everyone will be thinking...

alibug - you may well be right, but everyone will be thinking this - which is the thing that worries me.

thinking back to late '74 (which this event has been compared to by some) the feeling was the same, yet the stock market bottomed and made a 50 percent + rally in less that a year...the news was simply deadful and continued to be bad as the market continued to go up. most were amazed as you might be if it happened now. many hats were eaten i would saw.

still if i remember right, gold stocks did very well over the next few years, as gold certainly did.