Sunday, February 15, 2009

The Running of the Bears

"The Running of the Bears only happens every ten years or so, so you’ve got to give the likes of Roubini, Whitney, Schiff, and Taleb a break for seeking to monopolize our attention while they’ve got it. After all, nobody likes a pessimist, and we’ll tune them out as soon as we’re brave enough to do so. That said, the depth of the current crisis suggests this bear market may last a little longer than the last few, so get used to hearing their names. Taleb’s got at least one more book in him about how smart he is." —Duff McDonald

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