It's darkest just before the dawn.
Companies going bust (although that's not the case), merges and acquisitions are all part of the low end of the cycle. We are nearly there. I'm thinking one more dip (maybe) before it is time to begin the climb. Many shorters will get burnt on the way up just as us longs have been burnt on the way down. It's all a big wheel that keeps on turning...and we are the hamsters.
;-)
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