Pessimism of the Intellect, and the Optimism of the Will

Doug Henwood dhenwood at
Sun May 26 12:03:58 MDT 1996

>>> btw, It still seems to me as if we've already hit the bottom, and things are
>>> changing worldwide. Anywhichway, I completely agree, to hell with sobriety!


>Had we already hit the bottom, things would be moving up. I see no
>scintilla of a sign of it.

Take comfort from stock market analysts, who argue that after a dramatic
crash, you need a long period of base-building before a sustained upward
thrust can begin. A quick snapback from a crash, without the base-building,
is likely to be a trap. At least that's what they say.



Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
+1-212-874-4020 voice
+1-212-874-3137 fax
email: <dhenwood at>
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