So over the last year the market has fallen more than 30%. The...

So over the last year the market has fallen more than 30%. The problem with this slow decline is that its impact is much less psychologically than if the market had fallen say 30% over night! During this slow decline we've had many rallies, which have been nothing but bull traps. They could also be called denial rallies as America simply refuses to believe that they are going down the drain. The world's economy will fail into a heap if this huge plummeting continues at a rapid rate. As a result, it must have moments of hope and prosperity where the market will appear begin its recovery. Where the end will go is beyond anyone. I see there will be more moments ahead to make money and growth, but only the brave, the informed or long term viewers will be on the ride. As the experts are now coming out of the woods they are all singing the same song - deleveraging. The world has grown disproportionately to the money generated, and the perceived wealth out there has been nothing but a mirage all along. Unfortunately this so called wealth in assets needs just one component to maintain its show - cheap and easy credit!