Airtime: Wed. Sept. 30 2009 | 6:10 AM ET
Jeff Ivory, of Stonebridge Financial Partners, and Lakshman Achuthan, of Economic Cycle Research, share their market insight.
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...
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September 30th, 2009 at 10:35 am
What kind of Kool-Aid are these guys drinking? Given Jeff Ivory had a good point on Commodities, but “strong fundamentals pushing a recovery”? What universe is this guy living on?
As far as I can tell unemployment has NOT bottomed it’s just falling slower and since when is dalfation “off the table”. Yes commodities should rise and help inflate prices but what about wages?
I guess we are going to have to sit pat and wait for earnings to come in before guys like this will think twice before going on air.
September 30th, 2009 at 1:34 pm
Barry, I know you like Lakshman but really, no credibility, he didn’t call the last recession until it was over, and he won’t notice the double dip until it’s kicked him in the ass.
Chicago PMI – double dip? These cooler readings of the economic temperature will become more common in the next few months.
September 30th, 2009 at 4:00 pm
Something very subtle, but really important gets passed along– without so much as a “WTF?”– during this entire conversation: both of these gentlemen confidently smirk about how painful it must be for all these poor suckers (individual investors) that have missed out on this huge rally.
I’d like to hear from their clients/subscribers, who were told to hang in there waaaay into 2008 (because everything would be juuuuuuust fine). And I missed it , but those two were holding hands while yelling from the rooftops for us all to back up the truck back in March, right?
jw
September 30th, 2009 at 6:43 pm
Facts take away from the fun of making stuff up but,
ECRI in Jan. 2008: http://kirklindstrom.blogspot.com/2008/01/ecri-says-there-is-window-of.html
ECRI in Mar. 2008: http://kirklindstrom.blogspot.com/2008/03/ecri-calls-it-recession-of-choice.html