Comments on: Less Awful Economy = Good Day for Markets http://www.ritholtz.com/blog/2009/04/less-awful-economy-good-day-for-markets/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 20:55:33 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: leftback http://www.ritholtz.com/blog/2009/04/less-awful-economy-good-day-for-markets/comment-page-1/#comment-159059 leftback Thu, 02 Apr 2009 13:58:41 +0000 http://www.ritholtz.com/blog/?p=22984#comment-159059 Ha ha ha. Less bad is the new good. We should also point out that last night's very strong performance in Japan is not unusual at the start of their fiscal year. New money flowing in from pension funds etc.. I am a little surprised we did not see a stronger rally after the Mark to Magic announcement. The credit market doesn't seem to be fooled. Methinks this rally is tiring fast, let’s see what the factory data look like. Expect a late sell-off in advance of the NFP number and the beginning of earnings season on Monday. Ha ha ha. Less bad is the new good.

We should also point out that last night’s very strong performance in Japan is not unusual at the start of their fiscal year. New money flowing in from pension funds etc..

I am a little surprised we did not see a stronger rally after the Mark to Magic announcement. The credit market doesn’t seem to be fooled.

Methinks this rally is tiring fast, let’s see what the factory data look like. Expect a late sell-off in advance of the NFP number and the beginning of earnings season on Monday.

]]> By: sunny45 http://www.ritholtz.com/blog/2009/04/less-awful-economy-good-day-for-markets/comment-page-1/#comment-159039 sunny45 Thu, 02 Apr 2009 12:27:16 +0000 http://www.ritholtz.com/blog/?p=22984#comment-159039 Geithner - Who in the right mind would base his/her investment strategy on this guy? Bill Gross - His self promoting interest has been open for at least a year or more. He wants Tax payer to enrich PIMCO bond holders. Finally did any one of them foresaw what was coming in 2008 - Answer No. Why should we now? Geithner – Who in the right mind would base his/her investment strategy on this guy?

Bill Gross – His self promoting interest has been open for at least a year or more. He wants Tax payer to enrich PIMCO bond holders.

Finally did any one of them foresaw what was coming in 2008 – Answer No. Why should we now?

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