The "let's get it over with" mentality is typically why bear markets are so dangerous.
One of my favorite "gloom 'n doomers", Bill Bonner, says that the bottom will arrive when everyone has been so disgusted with the stock market, for so long, that it will have been long forgotten.
Bill's company, Agora, publishes the oldest English-language financial newsletter, The Fleet Street Letter, among others.
Also, he writes a free week-daily email letter, The Daily Reckoning, packed with economic data and "expert" commentaries (all supporting his viewpoints, of course), plus often-allegorical tales of his life in France.
Bottom-seekers (I guess that includes everyone) can find the current issue, and the last ten or so in the Archives section, here:
dailyreckoning.com
This is strictly FYI and not to be construed as a recommendation of any kind, except perhaps as a source of amusement. |
