dead cat bouncing, page-29

PP

Very true.

However we also magnify history as well.

The tendency is to pick the highlights and ignore the mundane.

For instance even major wars are seen as troops battling day after day against the enemy when in fact the main thing soldiers complained about was boredom.

No doubt end of the world scenarios in the economic world have never eventuated in modern times but is no guarantee.

My feeling is that we do survive this but that it will take quite a few years to get a decent footing.

It really doesn't matter to you or I.

To the informed the only question is playing the situation as it is and not as others want it to be.

We know markets and the economy are two different beasts. Just as the market top was earlier than the fundamentals seen by most, so we will see rallies and a final bottom when others are calling for worse.

If that sounds like I have no time for fundamentalists, it is nearly true.