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Wednesday, October 08, 2008
Even the Bears Are Scared Now
I do a lot of cruising on the Internet, keeping track of market opinions and conditions. One thing I have noticed is that during the past 24 hours even the bearish commentators are in full panic mode. This is also reflected in the slow pace of comments on this blog.
This is a typical situation near low points. Even people who have foreseen the debacle are afraid to step in and turn their wisdom into a market position.