Once again, the PPT gets credit for the rally:
Mad props to Richard Suttmeir for getting this right . . .
Hat tip ZeroHedge
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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May 19th, 2009 at 6:16 pm
Jack MacHugh has also been on to this one. Where the banks lead so will we follow.
May 19th, 2009 at 6:17 pm
I’ll sure be visiting valueengine.com
May 19th, 2009 at 7:23 pm
Sounds like Dan Shaffer got it right. Richard Suttmeir? He’s talking about the market being undervalued 30% to 40% at the March lows, but now it’s overvalued after a 40% rise? Is this the kind of math that Lenny Dykstra learned from Mr. Suttmeir?