Simple thought....
All of the excess that got us to this point...nothing has been learned.
95% of everyone wants more easy money, willing to accept atrocities of the financial overlords.
Because nothing has been learned-- This recent past low of 666 cannot have been the bottom.
Until a large lesson is assimilated, the bottom, and a chance for growth, and a wall of worry, is not likely to happen.
This lesson will be painful. Every option to avoid this lesson will be taken, making the lesson worse.
Link to Pretcher. I did just receive the new CTC and will get a little Sunday suntan reading in and let you all know if it is worth making the purchase.
http://www.elliottwave.com/cnbc-11-05-2009.aspx
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Insightful and Useful Comment!