I know it feels like the wheels are coming off – it certainly did last week. I told friends this weekend that it felt like we went to the edge last Wednesday and hung over the edge for the better part of 2 hours before the remarkable rebound got started. And that is what financial markets do at major lows. They push you to the edge of your emotions, the breaking point, and the fetal position. At the end of a week like that, we’re all drained and can’t find much energy to do anything, so I’m not going to waste any of the precious stuff on the past. Here’s what I see going on now and in the not too distant future.
