“What’s a share in a company really worth? What’s a bond worth? Heck, what’s the dollar itself worth?  All of these questions will draw the same reply: it depends.  Among the things it depends on is the ‘trust’ in the society…in its leaders…in its capital structure…and in its future.  When the sun is shining, it’s easy to have trust in a society. It’s when the chilly winds blow that the question marks begin to fly. You see them picked up by the gusts of wind like plastic bags…floating around until they are snagged on some barren tree.  That’s when it gets interesting…when the hopes and hallucinations that undergirded the boom give way.  Our guess is that investors are about to go back to school.”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=08/26/2013&story=2&title=Sooner-or-later-markets-change

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