Top strategists and chief investment officers comment on whether the market has hit bottom yet. (Dec. 20)
12/20/2008
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
read more »
Tweet
Facebook
Reddit
Digg this!
December 22nd, 2008 at 5:29 am
Kopin,
an H&H NY to you too~
past that, he’s only ‘reporting’–’tis fine..
Prob is, that’s, almost, the same lame story we heard last year, from MainStream Economagicians, about ’008…
“rebound” in 2H ’009, my eye tooth..
December 22nd, 2008 at 6:30 am
If you keep calling bottoms, eventually you will be right. And this will continue as long as MSM outlets like CNBC have a vested interest in driving the market higher (generates more advertising revenue for them).
December 22nd, 2008 at 8:37 am
First, most of the clowns who are trotted out as ‘experts’ are just empty suits that never saw the problem coming. Second, most of these clowns keep talking about nominal levels and ignore what is really material. If we measure the Dow in ounces of gold or adjust it for the understated inflation that is reported by the government we find that the true performance of equities has been horrible. This is unlikely to change as the Fed does all that it can to protect reckless lenders and debtors by taking measures to devale the currency. The prudent investor should see through the veil of deceit and take measures to protect wealth by purchasing assets that the central banks cannot devalue by their activities.