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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (12476)	4/30/1999 10:38:00 AM
From: bearshark	Respond to of 99985

Les: I agree. In the 1970s, I believe Herblock had a wonderful political cartoon about the recession in 1974. The Ford administration referred to it as a rolling readjustment if I remember correctly. Herblock drew a cartoon of a huge wolf (the recession)--larger than the house--sitting at the door step. The husband looked out the window to see what was making all the noise, turned around, and told his wife that it was only the dog at the door. There is another line from Marquez' book "The Autumn of the Patriarch" where it is said that the dictator preferred to believe the lie rather than the truth when the truth was unfavorable. I am sure I have it slightly wrong but it is something like that. In our world, it is often best to believe the lie as long as possible and hope the bad news goes away on its own. If it will not go away, we may have to face it and it will devour us. I hope it is only a rolling readjustment or it just goes away.