Friday, December 26, 2008

Well Put!

In The Long Wave Analyst Special Addition "This is It!" of August - November 2007, Ian Gordon warns:

"Every market move is always followed by a reaction. The bigger the up move the bigger the down side. There is no historical comparison with the sheer magnitude of the worldwide investment mania that is currently in force. Thus, the down side threatens to rock the very foundations of capitalism and democracy. As Epicitus put it, 'the extreme of any position will ultimately become its opposite.' As night follows day, a boom is always followed by a bust; the bigger the boom the bigger the bust. The bust always catches the majority unawares, coming as it does from a zenith of apparent prosperity and speculative excess."


HermitJim said...

Good article...thanks for sharing it!

Preparedwarrior said...

What a great quotation!