We have watched the markets move to and fro for the last 18 - almost 19 months now, effectively going nowhere. Indeed, over the last 12 months, all major averages are in the red - year to date - they are they are teetering between red and green, depending on the week. Walking in quicksand is what we call it. We have had periods like this before - the mid-80's and '94-'95. Both looked bleak - both were a pause. Both were as frustrating and tense as we find ourselves now. But, neither turned into a recession - both in fact, were turned out to be foundations from which we launched the next growth wave.

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