Madness of Crowds

Stop this madness! Stop this craziness! Stop the presses!

Sellers today are no less fools than housing investors during 2000 to 2006 and tech investors in 1999 and early 2000.

Where is the sanity? Generally, insanity occurs quite slowly as it trickles down during the manias and in the typical bear markets. This is no bear market. This is a self-destructive market. This is a market gone haywire. Obviously, the mainstream media is doing its best to beat the drums of doom and gloom while they were all asleep just like our impotent politicians when all this could have been avoided in the first place and a regular joe could have been spared of this pain.

Market meltdown is not good for any society, be it a capitalistic or socialistic. This is about the whole world going insane at the same time. That is highly improbable, yet it is happening. Proper constituents need to be punished, but not innocent ones along with it. That is the madness I am talking about. Why punish the innocents along with imprudents? Where did our old fashioned bear market go? I would trade for it any moment.

Investors are scared and getting panicky. Why? Basic trust in our government and its ability to manage our financial affairs has been breached. Government is trying to fix it. However, we need to give these huge wounds a little time to heal. There is no panacea other than just time and patience, the only medicine we can take. Without that, we can only do more damage.