The markets simply must adjust from their instant gratification mode they have enjoyed for years to a recession era mode which dictates long-term investments with long-term returns. If our government begins to reregulate back to pre-1990 levels, the markets will have convulsions. If our nation survives, the recovery will be messy since the markets are like an unruly children, instilling discipline entails tough love. Everyone must have patience particularly the markets since they are a major cause of the problem and have yet to take steps to repair. These same entities now suffering had enjoyed the benfits of a booming economy before the downturn so sympathy is wasted on them. They simply must have patience!!!
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Ray Fisher of NM @ Jan 08, 2009 10:51:01 AM
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