|
PureBytes Links
Trading Reference Links
|
Every system needs a clean out!
Every major market top has excesses.
It is those excesses that create the fall.
Maybe BEAR markets are caused by the breakdown of fairness and rule of
law,
Or put another way unbridled greed.
>From The Great Crash 1929, J. K. Galbraith, page 155:
"One of the uses of depression is the exposure of what auditors fail to
find. Bagehot once observed: "Every great crisis reveals the excessive
speculations of many houses which no one suspected."
But in this top even the auditors are crocked.
Zoran
|