From the K2 Article Posted tonite

My friend Kevin Duffy, a professional investor, after seeing the Guardian article, sent me this image. The graph shows the market psychology of a financial bubble and subsequent market crash. I have added the red oval highlighting where Kevin thinks we are now: in the denial phase, after the bubble has burst.

I am also reminded of the Kubler-Ross stages of grief that a patient or a loved one goes through when receiving a terminal diagnosis. The stage in her sequence is DENIAL. The subsequent stages are

ANGER
BARGAINIG
DEPRESSION
ACCEPTANCE