My point today is about confidence - so many folks will take all the financial pros' statements bemoaning a lack of confidence everywhere as righteous chastisement for liquidating their meager assets in an effort to save something! However, given what we know, and worse - what no one knows about where is the real bottom - isn't a lack of confidence perfectly correct and even smart? What else is recommended by these highly-placed touts? Where is their own money? If they're getting laid as low as many citizens, they have no right to be on their soapboxes at all. In the end,
Mark-to-Market will have its inevitable day, and sooner is better.
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