Somewhat OT – I know a small law firm – lawyers been in practice for at least 16 years. They lost their credit line. This is after getting a $12 million judgment. They are hunkering down and not spending.
I know many say we’re at bottom and the only thing I can say is if we really are at bottom, we’re going to be here for quite some time. I still say it’s a false bottom. It is a manipulated and well-orchestrated bottom and I doubt sustainable, though everything will be done to try to maintain it.
