I find myself uttering the phrase “Any day now,” more and more, but I know that I’m not alone in doing so.
Over the past few years there have been any number of reasons to believe that whatever predominant theme had the lion’s share of the headlines would soon run its course.
Nothing lasts forever but the earth and sky, so its only reasonable to expect that each passing day brings us closer to the conclusion of whatever current trend we’re mired in. But unlike the prisoner counting the days down, we’re in an open ended system.
The prisoner looks toward a future that he knows, with a great degree of certainty, will come along, pending good behavior. After all, the sentencing judge told him when that day would arrive. On the other hand, those of us who only have the potential to be white collar criminals are reliant on the past repeating itself and we use the past as a guide for forming our expectations.
Lately, that model hasn’t been very good.
Those who have been of the belief that history repeats itself have started taking a long and longer view if they’re still to hold onto their belief that repeating history is inevitable.
For the longest time the refrain was brought up over and over again as we found ourselves waiting for a 10% correction.