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    #11
    Sooner or later the pessimists will be right.

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      #12
      Public optimism and confidence for
      global financial markets will eventually
      return in-vengence. (Money currently
      parked on-the-sidelines will be again
      reinvested in higher risk investments)

      But IMO, these markets have to ween
      themselves off central bank balance
      sheets first.

      Crusher . . . you can call me a
      pessimist or a realistic or whatever
      name you want, but when that day comes,
      I will turn an optimist.

      Errol

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        #13
        That's very optimistic of you EA!

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          #14
          Errol, you are absolutely right. This house of cards is going to crash--sometime. Some markets will be hurt worse than others. And the bullish optimists will be right too --sometime.

          The big question, and I mean BIG question, is timing. There is a huge difference between 3 days, 3 weeks, and 3 months. If anyone can predict "when" with certainty, that would be invaluable information. Predicting and crash or a rally is not really that informative. We are all aware, some with the scars to prove it, of the cycles of markets. They fall from highs and rally from lows.

          When???????????????????? Answer that, and I won't make a mistake selling too soon or too late.

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            #15
            Kodiak . . . no one can answer that
            question of timing.

            But tomorrow may be rough. Global markets
            are not impressed with outcome of
            elections in France and Greece this
            weekend.

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