I returned to the topic in “It’s All Good” (July 2007). Before going on to make a new observation, I listed a half-dozen additional elements in which pendulum swings are seen: between greed and fear, between optimism and pessimism, between risk tolerance and risk aversion, between credence and skepticism, between faith in value in the future and insistence of concrete value in the present, and between urgency to buy and panic to sell.
