End of The World?

Is it the End of the World as we know it? Methinks No. There have been 15 or more Ends-of-the-world in stock market since 1986 in India, life and quality of life marches on. When mainstreet is more pessimistic than the Wallstreet or Dalal Street, something will turn. Newly married Niall Ferguson says: "So long as human expectations of the future veer from the over-optimistic to over-pessimistic - from greed to fear - stock prices will tend to trace an erratic path." When most investors, including the CNBC talking heads, all agree on something, they're usually wrong.