<< One would think based on past history, that the time for things to get better is getting pretty
close. However, when I think that way, there is always a monkey wrench around, in the form of times like the tech
bust of 1983, where it took quite a few years for recovery, and of course the 1970's, which was similar. Keeps us
all guessing..>>>
You've stated the major problem for bulls in a nutshell- ever since the Nas started down. The bottom must be near at 4K ,at 3 K,at etc. Wall Street Week, still my favorite program, with Mr Rukeyser doing his best to be neutral and entertaining , yet his guests are nearly entirely perennial bulls engaged in protecting the many $
entrusted to their funds. Answering the final question- 'what would you buy' far more readily than ''what would you sell, if anything' ?.
Most American businessmen have a unique optimistic attitude known even to Jules Verne in the 1800's See a mountain, tear it down to make causeway across Great Salt Lake, if the bridge is weak, back the trainload of passengers up one mile, and blow across the bridge at full steam before it can fall down, build a big gun in the ground in Florida and shoot a vehicle to the moon ( how close can one get the the actual event including the location)
Long term unstoppable, but many problems now to solve to regain momentum and direction.
Europeans like Yaccov and Van Wyck were more realistic and should have survived these tough times better than most (I hope)
Buy when there is blood running in the streets ????? I wish nobody had said that, because we had it in NYC
on Sept 11 th. Well , I have been buying some and can think its one small thing I can do curtail the enemies desire to ruin our economy
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