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On July 6, 2010 the market was down about 10% from its recent high. Everyone thought we were going to go back into a Recession.
CNBC called. "Dr. Doom", Nouriel Roubini was going on and they wanted me to debate him. Nouriel was famous for "predicting" the 2008 Recession. He's predicted 2 out of the last 27 recessions.
In July 2010 people were still feeling post traumatic economic stress from the events two years earlier. Would the banking system collapse? Was there going to be another Recession? Nobody knew.