Nicholas, this isn't the garden variety downturn. I think the market has on their most expensive pair of Rose Colored glasses. I think sometime in the late summer or fall the signs will be more positive.
This is something i think that is worth reminding ourselves occassionally...
I think many investors have a natural pessimistic inclination at bottoms to not believe in what the market might be telling them.
I am not saying that we are out of the woods and the market is giving the all clear signal...but i am saying that we should be open to the possiblilties and TRADE this market.
Just maybe...just maybe GM does not go under and Rome does not burn. who knows...