This bear market is none like I've ever experienced. It is painful to live through this, that's true. But it's more painful to watch the absolute stupidity of our leaders and their lemmings (us...as citizens of this great country and investors in our markets).
My friend Jay Patel said it rather succinctly on his blog:
http://investorsoul.blogspot.com/
There are over 3 trillion (that's trillion with a capital "T") dollars waiting around on the sidelines--precious capital sitting idly by as the grease of the global money machine dries up. The sad irony, is that we need that capital flowing in the markets to keep this machine well lubricated. Stop the insanity--please! Let us all get back to rationale fundamentals...there are great buys out there for the taking, but the masses need to get a grip first.
This market is beyond oversold, and its time for people to rationalize their thoughts and quiet their unsettled feelings. There is no room for emotion in investing. The world is not in collapse, it just feels that way. And the longer we are paralyzed with panic, the longer this pain will last.
