We, on the other
hand, view it with hope: because more than anything, the events of the past
few days show that the truth is getting out — the truth that capital markets simply can not exist under the authoritarian rule of central planners, the truth that the stock market is a casino
in which the best one can hope for a quick flip, and finally the truth that our entire socio - economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where
accumulated debt could be wiped out at the flip of a switch if things go wrong
in the process obliterating the welfare of billions (of less than 1 % ers), is one big lie.
Nevertheless, with so many stocks changing
hands the past
few days, it's quite apparent that buyers were stepping
in to
accumulate leading stocks off the lows.