Original post
That was the headline of SocGen's Albert Edwards market note that Friday:
"Meltdown"-Société Générale
In 2011 I decided to mash-up a long post:
This is What a Bear Market Looks Like Folks (now with Voodoo Beach Bunnies)
containing "Green on the Screen: Solars" from Sept. 5, 2008 which used an old cartoon:
...So we can look for a bounce but think of these names as a trade; bear markets can suck you in. When I first came to the market, one of the older traders told me he was saved in the '73-'74 bear by a cartoon:
(click to enlarge)
That's Alfred Frueh's January 16, 1932 New Yorker classic, "Just around the Corner", commenting on President Hoover's statement that "Prosperity is just around the corner".
I repeated the cartoon for the next six months as a warning to bottom callers.
Update: Following the "This is what a Bear Market..." link are a couple dead links. Here are the live ones:
