Quote:
Originally Posted by Negotiableterms
It's a cycle, like it is every time this crap happens. It's the only way to clear out the dead wood in lots of industries and on Wall Street. The idiots that started the recession by floating derivatives are being shunted aside, and a giant needed correction is occurring.
All that said, it sucks to be us right now.
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This cycle is different from past ones. Thisn't isn't a correction in the classical sense, this is a whole different ball game. No offense but most in your industry didn;t seem to realize there was a recession until it slapped them in the face.
I don't inherently include you in that group, but there seems to be a cognitive disconnect out there, one group says we're seeing signs of recovery based on ambiguous standards at best when the reality I see in the job markets say differently, the housing markets say differently, the credit markets say differently and the stock market lost touch with reality altogether awhile ago.