http://www.bloggingstocks.com/2007/07/26/the-sky-is-falling-dont-say-we-didnt-warn-you/
So are we there now? On the precipice? On the way to new and dangerous times? Markets have been monkey crazy this year and impressive gains have been made. Despite ongoing worries about the US housing market, the tense international situation and climbing oil prices, they've zoomed upward. The TSE and Dow Jones have both participated eagerly.
I guess most folks believed that silly old saw that the markets anticipate the future. Looks like the future has got a helluva backhand. Triple digit plummets are becoming the norm this week and suddenly folks are saying: well, I guess we knew this was coming.
So is it time for Cassandras or are we just witnessing markets digesting their gains before renewing their flight to Mars? The answer might be one a lot will care about by fall.
So are we there now? On the precipice? On the way to new and dangerous times? Markets have been monkey crazy this year and impressive gains have been made. Despite ongoing worries about the US housing market, the tense international situation and climbing oil prices, they've zoomed upward. The TSE and Dow Jones have both participated eagerly.
I guess most folks believed that silly old saw that the markets anticipate the future. Looks like the future has got a helluva backhand. Triple digit plummets are becoming the norm this week and suddenly folks are saying: well, I guess we knew this was coming.
So is it time for Cassandras or are we just witnessing markets digesting their gains before renewing their flight to Mars? The answer might be one a lot will care about by fall.