-->The job of the markets is to weigh the future. When the markets don't like what they see ahead, they protect themselves. Markets protect themselves by backing away, retreating to a lower level. And that's what is happening. Unfortunately, when the markets back off, we never know how distasteful a future they may be seeing. But as I've often described -- when you're standing on the railroad track, and the train is coming at you full speed, it doesn't help to identify whether it's the Midnight Special or the Wabash Cannonball -- your job is to get the hell off the tracks.


PS:
Sind überhaupt noch welche auf den Gleisen? Aber sicher, die ganz grosse Mehrheit hat sich doch auf den 'warmen Schienen' förmlich wohlgefühlt!
Die Kaufempfehlungen werden sogar munter weiter gehen weil die Mehrheit
im Glauben sind, Greenspan oder Goldman Sachs verstünden etwas von Bremsen!