Barron’s Bob O’Brien says that after the S&P 500 fell to a 12-year low on March 9th, it then experienced a v-shaped recovery shooting 23% off the March Lows. Is this a true rally with staying power, or is the data a fake to the head?
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.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
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...
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March 29th, 2009 at 10:33 pm
When are we going to get YOUR opinion Barry? This blog, in its heyday, used to have analysis and charts and useful commentary from YOU. Now it’s devolved into a link farm/guest commentary farm. It’s sad to see the same thing happening with Naked Capitalism too.