Paul,
I took out my crystal ball, early in the morning, dusted it off, but to no avail. Nobody really knows, what is going to happen in the future. Again, my view is that life goes on and will go on. Investors still have money to invest, and will continue to do so. From time to time, his process stops temporarily, or the price at which the process takes place changes (the interest rate), but it cannot disappear. That is, why, you need to have a bit of a cash buffer to sustain these periods.
tavros |