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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NOW who wrote (143693)1/14/2002 8:02:14 PM
From: Oblomov  Read Replies (1) of 436258
 
Unfortunately it would never be remembered as the marker of a top or the proximate indicator of a turning point in confidence... for example, what historian remembers this line from Clinton's 2000 State of the Union Address?

"My fellow Americans, every time I prepare for the State of the Union, I approach it with hope and expectation and excitement for our nation. But tonight is very special, because we stand on the mountain top of a new millennium. Behind us we can look back and see the great expanse of American achievement; and before us we can see even greater, grander frontiers of possibility. "

clinton4.nara.gov

Of course, when you are on the mountain top, the next step is down, right?

Historians look for reasons; but, as anyone who is familiar with the markets knows, the most momentous turns of fortune occur in the context of great unreason. The illusion that we are primarily rational (and thus that our history manifests the progress of unfolding reason) is our greatest conceit...
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