The complacency indexes range from 0 to 100. Right now, they're off the scale, at -100. Well, maybe not that low.
They've been hovering near 0, as they do in crashes. Any moves higher are short-lived, and any supposed buy signals are quickly invalidated. The indexes have bounced into the teens occasionally, and have plummeted right back to 0.
I suppose a genuine buy signal might be a move above 30. It would take a decisive change in sentiment to accomplish that. There is absolutely no reason why that couldn't occur at any time. Gonzongo quoted Churchill on another thread: "I am an optimist. It does not seem too much use being anything else."
People -- and nations -- don't achieve greatness by focusing on negatives (or on every conceivable dire scenario), or by living in fear. What made us positive, steadfast and strong before the tragic events two weeks ago will continue to make us positive, steadfast and strong.
Here's another quote, from JFK:
"Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty."
Chins up, folks. We've been through worse, and we'll get through this. Much has occurred over the past two weeks to give people renewed faith in this country and its ideals -- and in this world. We've rallied together to support one another and to defend the ideals we believe in. That's the reality of the situation, right there, in our strength, faith, goodness and determination. |
