Crazy 08

Markets are manic depressive, which means the people behind them are as well. Including me, it is so hard keep the human element out of it. Why, for example when I look at certain stocks that have been no better than cash for the 20 years leading up to 2001, but in the last 5 years they have gone vertical? Is it different this time? Does the 20 years of substandard returns for commodity producers mean that we will have 20 years of expansion from here? Is China going to continue to sapp up all the extra resources that the world produces? As a result will basic materials remain strong? Are we in equilibrium? At what point do these pressures begin to squeeze the rest of the world (through inflation) to the point of bringing us back into equilibrium? Oh, wait the markets up today. See what I mean by manic-depressive?