SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rarebird who wrote (91096)2/1/2008 12:43:57 AM
From: GST  Read Replies (1) of 110194
 
The market works from assumptions, data and hubris. Right now the data should make people realize that this downturn could be prolonged - but assumptions and hubris point to a short little recession. My take on this is that the market can rally on assumptions and hubris -- the consequences of the data will not be clear until fall. Lower rates will stir the pot -- but it will not change the quality of the stew. What remains to be seen is whether we still have the ability to drag the rest of the world down with us -- and by that mean right into the toilet, as distinct from merely slowing them down a bit.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext