Quote of the Day: Pundits

My friend Helene (a well regarded technician) had an interesting quote yesterday on pundits:

Clearly, the recession that hasn’t begun yet is over. At least, that’s
what all the folks who never saw the recession coming, then decided we
were going to have one, and who now say it’s over, believe. I know
because I heard them say so on TV, time and again.

-Helene Meisler

Nicely stated, Helene. The only thing you may have missed is that therecessionthathasn’tbegunyetisover is already priced into the market.

You may now return to your originally scheduled inanity . . .


The Case for Higher Interest Rates
Helene Meisler
RealMoney.com 4/3/2008 8:37 AM EDT

Category: Economy, Financial Press, Markets

“Reluctant Banks” Let Defaulted Borrowers Stay in Homes

Category: Data Analysis, Economy, Real Estate

NonFarm Payroll: -80,000

Category: Economy, Employment, Weblogs

Negative NFP Expectations

Category: Data Analysis, Economy, Employment

FT: John Authers on Correlation Across Markets

Category: Investing, Markets

Unemployment Claims & Recessions

Category: Data Analysis, Economy, Employment, Technical Analysis

Mocking Finance Web Videos

OMG, this is frickin’ hysterical:


Thanks, Aaron

Category: Television, Video, Weblogs

Quote of the Day: Uptick Rule

Category: Markets, Taxes and Policy, Trading

Lender-Abandoned, Non-REO Foreclosures

Category: Credit, Economy, Real Estate

More on Federal Withholding Taxes

Category: Data Analysis, Economy, Employment, Wages & Income