Dr Alexander Denny: You know you don't have to do this.
Doug Carlin: What if I already have?
--Deja Vu
Interesting analysis by John Hussman of the rigorous rallies that often follow initial technical breakdowns of secular trends and major subsequent declines. He shows the failing patterns at work in 1929, 1972, 1987, 2000, and 2007.
We'll see whether history once again rhymes in the present case.
position in SPX
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HAL: Let me put it this way, Mr. Amor. The 9000 series is the most reliable computer ever made. No 9000 computer has ever made a mistake or distorted information. We are all, by any practical definition of the words, foolproof and incapable of error.
~2001: A Space Odyssey, 1968
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