.....looking at the other side that many would rather not contemplate..is sentiment this bad that it can only get better ? OR is sentiment this bad because it justifies a monstrous mean reversion to reflect what portends ahead?
.....pick your own interpretation.
.....I heard people say we don't know what's coming, we can only see it when it happens. Lol. That's like hearing an earthquake in the vicinity of an island in the Pacific and not making a move until we hear warning of an impending tsunami...and all the flights are booked out and you are told to stay put and brace.
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