“Think how nice Julius Caesar’s life might have been if he had just stayed home on the Ides of March, as his wife, Calpurnia, advised. Think how much better the passengers would have enjoyed their cruise if they could just forget the night the Titanic hit an iceberg. As for investors, had they just stayed in cash for the 10 worst days in the last 25 years, their annual rate of return would have been about 60% higher. Don’t worry. Yesterday was hardly one of the 10 worst days. It wasn’t a good day. But it wasn’t terrible. Just a bump. Which makes us wonder. Are our worst days behind us, like icebergs astern? Or ahead?”
http://www.bonnerandpartners.com/this-market-is-a-titanic-in-search-of-an-iceberg/
(Visited 22 times, 1 visits today)
Related posts:
Bill Bonner: Where will China be in 6 months...or 6 years?
Ron Paul: Congress Exploits Our Fears to Take Our Liberty
Post-Cyprus Blues: Confusion and an Erosion of Faith
Risks Across All Markets Necessitate Careful Asset Allocation
This Could Shake Muni Bonds to the Core
The Most Dangerous Conspiracy of All Time
Where, Oh Where Are People Going to Go to Escape the Clutches of Expanding Government?
The Syria AUMF: Be Careful What You Vote For
Will Canada’s hard line on Eritrea’s ‘diaspora’ tax apply to the U.S.?
Doug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You
Bill Bonner: The End of the World As We Know It
Thomas Drake: Snowden saw what I saw - surveillance criminally subverting the constitution
Bill Bonner: Is QE Broken?
How Will White House Find Legal Grounds to Bomb Syria?
The ‘Rain Tax’