Pure Madness!
Monday, March 31, 2008
Sunday, March 23, 2008
Saturday, March 22, 2008
Wednesday, March 19, 2008
Everything Seems Fine Until Suddenly It Isn't......
"When optimisim toward a market continues unrestrained despite deteriorating conditions, the only possible resolution is a "light-switch" type of reversal. When bulls have committed capital to a market and borrowed more to keep investing, and when the rising prices fund even more borrowing to keep them going, there is simply no cushion when the trend reverses. There is no cash on the sidelines waiting to scoop up bargains; it has all gone into investments and the loans that back them. Additionally, there is no contingent of bears waiting for an entry point, and there are no short positions to cover. So there is nothing to stem a free fall."
Sunday, March 16, 2008
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