Let me re-write what the FP guy literally said:"We believe that...

Let me re-write what the FP guy literally said:

"We believe that the market has got it wrong and you should hang in there because we are much smarter than the market (and would hate to loose your subscription from you not staying in the market).

The 1930's were a different era and they had a deflationary depression. This has never happened before in the modern era due to the digital nature of money and central banks (disregard Japan, they were idiots).

Today we have much more sophisticated intellectuals pulling the strings with perhaps one of the greatest minds of all time sitting at the helm - one George W Bush. We believe his wisdom, foresight and legacy will pull the market up in due time.

In the 1930's, interest rates went up. People were stupid and this caused the depression and not the fact that there were a tremendous amount of bad debts because people over paid for assets.

Today, the yields on treasuries yields went up. Interest rates don't go up in a depression because that would indicate inflation. The only time interest rates went up in a depression was in the 1930's and that was because people were idiots back then, not because the market demanded it.

As you can see, from our well thought out analysis, we believe that we are going to have a massive bounce and things will turn around very quickly. George W thinks this as well. While he scared the living hell out of most people and suggested the financial system was a house of cards, he was confident his well thought out bailout plan concocted over a few beers with Ben and Hank and scrawled out on the back of a Napkin one fateful Friday night would do the trick. Now that the bailout has been granted it is only a matter of time before the market realizes the genius behind the plan. We believe in it, and we are much smarter than the market."

Here is the thing - now is the time to listen to the bears. When the market is a bull market, listen to the bulls, but when it is a bear market, listen to the bears.

A lot of the bears are quite literally freaking out. Most of them are past caring about money and are now worrying about what this will mean to our systems of democracy and free markets going forwards which is a little disconcerting.