Tuesday, March 2, 2010

The Rooting of a Stampede

"One of the most dangerous aspects of this bear market rally is that virtually no one believes or understands that we are still operating within the context of a much longer-term secular bear market. Once this becomes obvious, the sheeple will begin to panic and the stampede will take root. This is in part why Phase II declines prove to be even more devastating than the initial Phase I decline."
Tim Wood - February 26, 2010

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