A literal collapse in the financial system could well be taking place. Of course it might not, but the fact is many, many sober, rational people believe that the possibility is EXTREMELY high.
But never mind that.
This is as good a time as any, and maybe better than most, to focus in on the good things we have.
The American economic system was built on "confidence". And confidence is in short supply. PE's don't matter, balance sheets don't matter, cash per share does not matter. If confidence comes back, we might turn this battle ship just a BIT. If it does not, we will not. Simple like that.
Under NO CIRCUMSTANCE are things going back to "The Way We Were".
Back Soon.
Mentatt (at) yahoo (d0t) com
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