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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: LTK007 who wrote (67066)8/1/2007 8:29:18 PM
From: Crimson Ghost  Read Replies (4) of 116555
 
Max:

This jump today should not surprise anybody who watches credit spreads.

These spreads narrowed sharply after a big runnup and stocks simply followed suit. No need for the PPT.

Once credit spreads start to widen again you will be amazed at how fast stocks follow.

Still very early in the ball game.

I still expect stocks to be a lot lower by fall -- but short-term we may rally another 200-300 points.
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