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Message: Greed and fear

Greed and fear are good descriptors for our current condition. Greed I do not think is the current problem (quite possibly what cause part of the sp collapse in July). Fear is a great time to invest, when all others are willing to dump good quality assets for a fraction of their worth. Capitulation must occur at some point, and why not today. Many brokerages are still waiting for the dust to settle before entering more positions. Looking forward to a bottom so that I can start to look up again. Feels like the bus might have backed up a little too far.

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