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Anytime you see an emotional reaction to markets, beware. A rational approach will usually tell a different story. There are some who have been talking about a secular bear market for months now (even before the crisis) that should last for another couple of years at least.
If anything, the handing of these toxic assets will stabilize markets. Think: manageable bear. But this is just one factor of many that are affecting the market. What about world markets?
Don't expect a bull market anytime soon. We're likely to see ups and downs for the next while.
When people start talking about "rays of hope," always assume it could be a false omen.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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