Wednesday, September 17, 2008

I'm Not Wrong

Look at the charts of composite stock indices. We are at a crux. We are either at the furthest downward end of a classic double bottom, from which the markets and ergo the economy will robustly rebound or the drop off point for a major long term bear market.

I'm betting long term bear market. There is nothing robust about World economics right now. I hope I'm wrong. I'm at the doorstep of old age. A new depression will not benefit me in any way.

I'm not wrong.

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