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Rawnoc

02/17/09 7:04 PM

#409837 RE: wall_rus #409833

Nah, just study history and research what this recession is based on. I don't wishful think -- I was screaming my head off and shorting the Bejesus out of the housing and financial markets for 2 years.

Now I think it's just a large panic right now -- almost entirely psychological. There were no inventory buildups or much optimism except in housing prior to this recession unlike virtually every other recession. A recession tends to be a working off of excesses, something we didn't have outside of housing.