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Old 09-24-2008, 11:51 AM   #21
Thinks s/he gets paid by the post
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Join Date: Mar 2006
Location: Houston
Posts: 4,337

Good insight into the lack of focused response. I tend to do the opposite and find myself not reacting as quickly or as I should or acting too quickly. My fixed asset allocation is somewhat of a response to a tendency to overreact. I'm sure I would have invested every dime I had all the way down believing "they" aren't that stupid. Wrong once again.

I truly believe this all could have easily been prevented or easily corrected all the way to this point. I also believe that this is probably our last chance without a real bloodbath. After the short selling ban expires and the "mark to market" continuing to swing over every asset, we'll be forced to let the market find its own much lower level.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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