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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (85830)3/27/2001 6:26:15 AM
From: Earlie  Read Replies (3) of 436258
 
Heinz:

Glad you posted that chart. I am getting a bit tired of listing all the stock markets that are falling for my still-too-bullish friends.

Just as it took many of us here far too long to recognize the mania when it arrived, so too it is taking far too long for most investors to recognize that we are now being swept into the vortex of a full blown depression. This reluctance to see reality for what it is (e.g. no one uses the dreaded "D" word), is understandable, especially since many have never experienced a bear market. That said, it is also the reason why I expect that this one will push the extreme end of the graph. When much of the planet's savings go to money heaven, the recovery time will be much extended.

Best, Earlie
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