It isn't just Nick thinking that way, it is the signs that are at every turn.
These markets WILL shake out the excess. We are in a bear market 'overall' trend with a very, very nice counter trend rally from March 2003. The bear market will resume; nasty; just be aware that it's coming. The biggest sign, like I stated earlier, was the death nail of an inverted curve. That 'inversion' is a clear signal (not just a "sign").
Given that bear market trends have existed before this date, they were NOT occuring during the era's of astronomical debt; they were NOT occuring during era's of manufacturing absenteeism; they were NOT occuring during massive current account imbalances; they were NOT occuring during a time when homes/commercial construction made up 50% of our economy... need I go on?
We've concocted a very disturbing brew here... and a bear market 'clawing' in this NEW and UN-IMPROVED environment can be pretty doggone tough...
In 18 days, the farm will be paid off (yeeeeeeeeeeeeeeeehaaa!). All 200+ acres (think seagulls in Nemo-->>> MINE, MINE, MINE !) will be ours!! Visit again anytime! But the opportunity to have cash when the market drops [[[ and it WILL drop ]]] can NOT be missed this time 'round.