In early February, I had posted that the year was looking like 2011. While making assertions like this, one is caught in a dilemma. Should one be bold and take the chance of looking distinctly foolish later or should one be timid and tentative, keeping room for rationalisations later. I have been guilty of the later. It is not looking like 2011. It is looking like 2008.
The nature, duration and intensity of the market declines that we have witnessed already are indicative of prolonged bear markets. There is a lot more pain in store!
The nature, duration and intensity of the market declines that we have witnessed already are indicative of prolonged bear markets. There is a lot more pain in store!
