Peter Grandich and his "Eloi, Eloi, lama sabachthani?" moment

In a post titled "It Feels Like Not Even Lipstick Will Work Now", Peter Grandich himself seems to be mired in the depths of his dark night of the soul.

First it was Korelin's readers throwing in the towel. Now, someone who should be expected to have more discipline at investing than them is also seriously considering pulling the plug.

Check out these quotes:

"It’s about 25 years since I first started speculating (gambling) in the junior resource market, and I can’t recall a stronger sense of dislike, disgust and hopelessness (maybe some Canucks fans feel close to this) in this sector than I am seeing and feeling now."

"While I didn’t need a metal detector at the door, I just had many readers at a local seminar and from them sensed a high level of frustration and a wanting to throw in the towel."

"I’ve had discussions with many different players in the junior sector of late and they’re all either sitting on their hands, in a state of disbelief, and/or feeling life as they knew it has ended."

"(my own personal portfolio of juniors is down seven figures in the last couple of months)"

So if you thought the old Korelin listeners post was a great indicator of a bottom (as it turned out to... erm... not be, don't fucking blame me, it was you who read it that way, I was just reporting the news), then what do you make of Grandich himself wondering if the end is nigh?

So go read the post. Yes, you too Otto. He makes a few other good points.