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This just bakes it in.
Actual numbers, measures of reality, are released today and show enormous amounts of gloom everywhere.
A single report on confidence goes up a touch, a report that was showing high levels throughout the beginnings of the economic troubles all the way up to September 2008, and the markets 'surge' on the news.
Reality = Awful
Perception = not quite as bad as we thought it might be, however baseless
Markets add billions to general values.
Really, you need to be a wizard, not a genius, to work on Wall St.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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