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Oh Boy....another Apocalypse Now. We suspect sooner rather than later, this woo shall turn into an Apocalypse Later. Markets are doing what they are supposed to do during panics: they are transferring stock from the hands of short-term speculators who are often too impatient into the hands of long-term investors building assets on the cheap. How many times do we need to see this before we get control of our emotions. Summer swoons are good in the long-run.