Lets make it clear4 Mar 2022 23:47
Tere was a 16 months recession between JUly ,1981 and Nocember 1982. Sensible professionals wondered if they should take up hunting and fishing because soon we’d be living in the woods, gathering acorns.
Then at the moment of greatest pessimism, when eight of of ten investors would have sworn we were heading into 1930s, the stock market rebound with vengeance, and suddenly all was right with the world.
No matter how we arrive at last financial conclusion, we always seem to be preparing oureselves for the last thing that’s happened, as opposed to what’s going to happen next. This ‘‘penultimate preparedness’’ is our way of making up for the fact we didn’t see last thing coming along in the first place.
The day after market crashed, people began to worry that the market was going to crash. It had lready crashed and we’d survived it, and now we were petrified there 'd be a replay. Those who got out of the market to ensure that they wouldn’t be fooled the next time as their had been the last time were fooled again as the MARKET WENT UP soo keep in there chaps!!!