This is The End?

This K-Wave cycle has a long tail, so it is not exactly the end of the cycle.

While it may be time to repent (philosophically question our theories about the way it is and should be), the end is not exactly near.

We are not at the point in which the cycle repeats itself (i.e., not at a point in which investors should buy and hold).

The long tail makes investing too risky which, unfortunately, supports the deflationary trend and is negative for job creation. Demand will continue to be deficient. There is no uncertainty here, mind you, despite all the rhetoric to blame the benefit derived from this ongoing detriment on the probability (the uncertainty) of the risk (the risk ontology). Quite the contrary, the risk is being controlled to produce the detriment being exacted in the form of sovereign-debt crises. There is still a lot of counter-party, risk hedging to be executed between now and the end of the long-wave trend, which will be politically determined in the gamma-risk dimension (where risk is accumulated to be manipulated and controlled for specific performance).

The gamma dimension is where the signs occur that predict the direction and timing of the trend (the rate of monetary distribution and accumulation).

If, for example, a distribution occurs, like the Recovery Act and QE2, with a high rate of accumulation, because industry and markets are too consolidated to keep money circulating into economic recovery, then the deflationary trend gets constant support.

No, we're not at the end just yet, and predicting the beginning of a new cycle is both a prescriptive and descriptive soft snap.