Tuesday, November 24, 2009

Urban Legend - Lemmings - Our Market Environment

I originally posted this on September 7th 2007 before the Recession was officially announced. I am bringing it forward - as we are about to begin the other half of the Charting "W" we are at the small peak inside the "W" and will begin the 2nd half of this recovery, with a slide to declare us "temporarily" hopeless.
(Anger, Depression and Disbelief)

More Banks need to Fail!
Real Estate auctions need to withdraw the "hold back"
(Minimum bid)...and let the property go "at Whatever!"
The Security Markets need to face "reality."
Most current profits are a result of cost reductions.
Finally, we have to face that our base unemployment will
find a fixed 10% new class of "havenots" until they are willing
to accept less and vigorously retrain.

When you look toward January - do you see brighter skies or a "Darkness?"

A story involving incidents of the past, that spreads quickly and is popularly believed to be true.that barely have a shred of truth in them - Urban Legend

Well there is such a story about Lemmings Rushing to the edge of a Cliff and committing mass suicide. While many people believe that lemmings commit mass suicide when they migrate. Lemmings will often migrate in large groups. Often, a small stream or similar obstacle will block the migrating lemmings' path, , causing them to stop and scurry around in a panic until the overwhelming urge to press on drives them to overcome the obstacle no matter what the consequence. In most cases, large migrating groups of lemmings will reach a cliff overlooking the ocean (as is common in their environment), where they will stop until the urge to press on causes them to all jump off of the cliff and start swimming to exhaustion. They, inevitably, drown as a result. (This has been documented)

Lemming suicide is a frequently-used metaphor in reference to people who go along unquestioningly with popular opinion, with potentially dangerous or fatal consequences.


click on image to make larger

In this scenario the lemmings would reach the edge of the cliff at "Anxiety" and drown somewhere between "Capitulation", "Depression" and "Disbelief"

1 comment:

Panhandle Poet said...

I recall seeing a documentary about lemmings made by Walt Disney many, many years ago. I've always thought they were a perfect symbol of the mob mentality. Great post.

Stop by my Common Sense Agriculture, Conservation and Energy blog sometime. You might find it of interest.