Quote:
Originally Posted by ADL Colin
Doesn't matter long-term.
Short-term it creates more opportunities for long value investors as prices get battered down to cheaper than they would have otherwise. Difficult to know to what extent.
Doesn't matter to me one way or another.
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Yeah, I think you're right. It's a temporary psychological boost but at the end of the day, it's all about fundamentals. And fundamentals don't look very good right now until the mortgage mess is cleaned up. The slow down and uncertainty in credit is affecting industrial production/services and this results in a vicious downward cycle.