Monthly Archives: July 2008

Over the past 36 hours, equity markets have been staging yet another relief rally. Days and even weeks of counter-trend rally are typical within on-going bear markets such as the present cycle. Bear markets typically grind investors down in fits … Continue reading →

A colourful and honest rant on the Big Picture this morning is a refreshing read: Idiots Fiddle while Rome burns: ” This is financial incompetence writ on a scale far grander than anything seen for centuries”. It reminds me of … Continue reading →

Recently I am repeatedly asked, “how much worse can things get from here?” Firstly, no, the string of bad data does not surprise me. It has been a long time building. This downturn is long overdue. Anyone who is taken … Continue reading →