I'm running around trolling blogs again... trying to generate as much panic as I can.. Cause I think it's funny....
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
Tuesday, October 7, 2008
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3 comments:
Panic? Panic is so last Monday, dude. The market is way past panic. TIME mag has a Depression cover.
The stages of grief (Kubler-Ross):
The stages are:
Denial:
Example - "I feel fine."; "This can't be happening."'Not to me!"
Anger:
Example - "Why me? It's not fair!" "NO! NO! How can you accept this!"
Bargaining:
Example - "Just let me live to see my children graduate."; "I'll do anything, can't you stretch it out? A few more years."
Depression:
Example - "I'm so sad, why bother with anything?"; "I'm going to die . . . What's the point?"
Acceptance:
Example - "It's going to be OK."; "I can't fight it, I may as well prepare for it."
I'm thinking national sentiment is somewhere between Depression and Acceptance. We all are starting to figure that our retirement accounts are toast.
Teresa says dispair or give up...
which is roughly the same.
Kudlow is talking global economic collapse, nice... we must be close...
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