You can't see a time when we have had this fast a correction in the market, You can say maybe it's because of the information age.
We can say that "THE WORLD IS NOT ENDING" and we should V recover....
But again, sometimes damage is so serious, and we have no idea what should happen long term.
A 1 year 40% correction is Unprecedented. we are in uncharted waters.
Smartest person I know, says we are in more of a 'Asian panic' 'LTC' type move.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, October 8, 2008
Rhyme not repeat
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