Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (75055)	2/22/2008 6:27:12 AM
From: SouthFloridaGuy	Read Replies (1) of 116555

Mish, I couldn't agree more re: equities and risky credit (still). I have no idea how people can make the argument that equity prices will rise when equities are HIGHLY correlated to corporate profits growth which are being decimated in both real AND nominal terms. No different than 1990 or 2001 EXCEPT for the fact that corporate profit margins are WAY, WAY more elevated today than in the past AND the fact that the Fed has been thus far unable to re-engineer growth a la 1999-2000 to stall the collapse. Where's the monetary inflation???

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