"You must never confuse faith that you will prevail in the end—which you can never afford to lose—with the discipline to confront the most brutal facts of your current reality, whatever they might be."
Thursday, March 5, 2009
A loooooooong way to go yet.
If you use the 1929 crash as a metric, we are barely halfway to the worst market in history. Some people think this will be as bad or worse. Who knows. I think that's probably a bit much, but it ain't gonna be pretty.