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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Perspective who wrote (81340)	4/30/2007 4:36:14 PM
From: Tommaso	Read Replies (1) of 110194

Yes, that was the article I was referring to. Then in the same issue is an editorial by Burton Malkiel that hints at enormous complacency in the financial markets. Malkiel is a little mealy-mouthed about it, not wanting to look too foolish if the various manias survive for a while longer, perhaps. Like everyone else, Malkiel says that only a fool would try to time the markets. I wonder how he can say that, having given one of the most perfectly timed and unambiguous calls for a new bull market before it all started in the early 1980s. Maybe he believes in timing bulls but not bears. He can leave that function to Shiller.

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