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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (89040)10/24/2008 10:06:48 AM
From: Elroy Jetson4 Recommendations  Read Replies (2) of 116555
 
If you fall out of an airplane, you may be panicked but remaining calm won't change the result - only a parachute can do that.

Massive losses have taken place over the past six years, through bad investments - or malinvestment if your prefer.

The sudden realization of these losses may cause you to panic or not, but your losses are real and won't go away even if you remain calm. This is the "Minsky Moment" when those with losses awake from their slumber to the reality of their situation.
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