In Defense of Economic Depression

Warning: serious thinking here…

Big rally yesterday. The Dow was up 274 points. Gold went up very slightly and still closed below $1,200.

What gives? A big change in direction? It's probably nothing. Markets don't go up or down all in one straight move. They play with investors like a cat with a mouse. They tempt him into bear markets and scare him away when prices are rising. They shake his courage at bottoms and addle his brains at tops.

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